15th Ministerial Meeting of the Coalition of Finance Ministers for Climate Action
Climate Action as an Engine of Growth, Jobs and Competitiveness
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Leveraging Opportunities of the Transition and Strengthening Resilience for Sustainable Growth, Jobs, and Energy Security
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New publications 2026
Economic Analysis for Green and Resilient Transitions: Initiative Overview
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Watch the public webinar again here.
New global initiative to deepen knowledge exchange between central banks and finance ministries to manage climate risks.
The Network for Greening the Financial System (NGFS) and the Coalition of Finance Ministers for Climate Action (CFMCA) have launched a new joint dialogue platform to deepen knowledge sharing between central banks and finance ministries on the macroeconomic dimensions of climate change and the transition to a low-carbon economy.
Strategic Work Program 2026-2028
Netherlands Co-Chairmanship Report 2026
During the 15th Ministerial Meeting, the Finance Ministers endorsed the Coalition’s new three-year Strategic Work Program for 2026-2028.
Find out more about the important outcomes of the 15th Meeting here.
About the Coalition
Finance Ministers hold the keys to accelerating climate action. They are most clearly aware of the risks posed by climate change and recognize how taking action could unlock trillions in investments and create millions of jobs by 2030.
The Coalition of Finance Ministers for Climate Action brings together fiscal and economic policymakers from over 100 countries to lead the global climate response and secure a just transition towards low-carbon, resilient development.
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The six Helsinki Principles guide the Coalition's commitment to #ClimateAction
Economic Analysis for Green and Resilient Transitions
Economic Analysis for Green and Resilient Transitions (cross-cutting working group)
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Thematic Priority 1: Driving a coordinated whole-of-economy transformation
Driving a coordinated whole-of-economy transformation
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Thematic Priority 2: Strengthening macro-fiscal climate policy and debt sustainability
Strengthening macro-fiscal climate policy and debt sustainability
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Thematic Priority 3: Accelerating decarbonization through fiscal instruments
Work towards measures that result in effective carbon pricing
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Thematic Priority 4: Mobilizing private finance for mitigation, transition, and adaptation
Mobilizing private finance for mitigation, transition, and adaptation
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Thematic Priority 5: Planning, managing, and financing adaptation, resilience, and nature
Planning, managing, and financing adaptation, resilience, and nature
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Events
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Bundesministerium für Finanzen: Forum Finanz - Presenting the Guide
September 28, 2023
The Coalition was proud to present the flagship guide at the Austrian Ministry of Finance on Monday the 18th of September 2023, as part of their Forum Finanz event series. We learned that the Austrian Ministry of Finance, alongside other departments, has coordinated and taken a number of important actions to mainstream climate change into their operations. These actions include:
- Austria has targeted net zero by 2040, one decade before the rest of the EU.
- No new coal investments.
- 100% renewable energy by 2030.
- Further implementing the pricing of CO2 emissions within the framework of the national ETS, conducted in gradual manner, whilst preparing for the implementation of EU ETS 2, an ongoing process of interdepartmental cooperation will be intensified.
- Expanding the green Budget screening methodology to the regional and sub- national levels through spending review and integrating greenhouse gas estimates in the green budgeting framework.
- Eco-Social Tax Reform 2022- aims at strengthening social inclusion and combating climate change, thus contributing to expected annual greenhouse gas emission savings of 2.6 million tons by 2030 compared to the baseline-scenario. To reach such objectives, the reform introduces a national CO2 price on fossil energy sources(starting at € 30 in 2022 and to be gradually lifted to € 55 in 2025, followed by market-based price formation from 2026 onwards), and a tax relief worth of € 18 billion by 2025 for people and businesses, comprising i.a. lower personal and corporate income tax rates, a higher “Family Bonus Plus” and relief measures for low-income households. A “Regional Climate Bonus” serves to mitigate the impact of carbon pricing on individuals.
- Financial sector reform – by expanding “Green Financial literacy”, strengthening of green project financing, issuing of green bonds and securities and measurement and monitoring of climate-friendly financial flows.
- Implementing recovery and resilience plan, which includes a spending reviews analysis of the subsidies and incentives with climate and energy policy.
Director General Harald Waiglein, Directorate of Economic Policy and Financial Markets at the Austrian Ministry of Finance opened the proceedings, before handing over to Coalition-Sherpa for Austria, Elisabeth Vitzthum to chair the event.
Pekka Morén, special representative for the Ministry of Finance of Finland and country champion of the Coalition’s Helsinki Principle 2 workstream, then introduced the flagship guide. Technical experts and lead Institutional Partner in producing the flagship guide, Nick Godfrey and Anika Heckwolf from the LSE Grantham Institute, gave a technical presentation of the framework offered in the guide, before Pekka Morén linked the guide to the next steps of capacity building by the Coalition (slides of the presentation are available here).
A panel discussion then followed. Director General Harald Waiglein, Anika Heckwolf, and Pekka Morén, were joined by Fabio Rumler, Head of the Department of International Economics at Oesterreichische Nationalbank and Frank van Lerven, Coordinator at the Coalition’s Secretariat and lead of C3As debt sustainability hub.