Fiscal Policies for Development and Climate Action – Policy Summary for Finance Ministers
A new World Bank report argues that developing countries can make use of fiscal instruments for climate actions while raising well-being.
Event: April 2021 Minister-Level Meeting
See video statements from Member countries and Institutional Partners on the event page
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Joint Ministerial Statement
Read the joint ministerial statement adopted at the Fourth Ministerial Meeting on October 12, 2020
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2020 Annual Report
What we've accomplished in our first year and a half, and our plans for the coming year
Read MoreAbout the Coalition
Finance Ministers hold the keys to accelerating climate action. They know most clearly the risks posed by climate change, and recognize how taking action could unlock trillions in investments and create millions of jobs through 2030.
The Coalition of Finance Ministers for Climate Action brings together fiscal and economic policymakers from over 50 countries in leading the global climate response and in securing a just transition towards low-carbon resilient development.
Learn MoreThe Helsinki Principles
The six Helsinki Principles guide the Coalition's commitment to #ClimateAction
Helsinki Principle 1: Align
Align our policies and practices with the Paris Agreement commitments
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Helsinki Principle 2: Share
Share our experience and expertise with each other in order to provide mutual encouragement and promote collective understanding of policies and practices for climate action
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Helsinki Principle 3: Promote
Work towards measures that result in effective carbon pricing
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Helsinki Principle 4: Mainstream
Take climate change into account in macroeconomic policy, fiscal planning, budgeting, public investment management, and procurement practices
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Helsinki Principle 5: Mobilize
Mobilize private sources of climate finance by facilitating investments and the development of a financial sector which supports climate mitigation and adaptation
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Helsinki Principle 6: Engage
Engage actively in the domestic preparation and implementation of Nationally Determined Contributions (NDCs) submitted under the Paris Agreement
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62
Member countries
39%
of global CO2 emissions
63%
of Global GDP
Member Countries
Events
View recent and upcoming Coalition events, including workshops, webinars and meetings
Technical Workshop on Climate Budgeting Tool in Uganda
On Sept 25th, 2018, the Ministry of Finance Planning and Economic Development of Uganda held a workshop to pilot the Climate Change Budget Tagging system.