The Coalition of Finance Ministers for Climate Action met on the margins of the 2021 Spring Meetings of the World Bank Group and the International Monetary Fund on April 6, 2021, under Co-Chair H.E. Matti Vanhanen, Minister of Finance of Finland, outgoing Co-Chair H.E. Rodrigo Cerda, Minister of Finance of Chile, and incoming Co-Chair H.E. Sri Mulyani Indrawati, Minister of Finance of Indonesia.
The Coalition issued a press release, available here.
The Minister-level meeting acknowledged the increasing global momentum for action on climate change in the context of the ongoing challenges of the COVID-19 pandemic—many governments are implementing large-scale stimulus packages and using this moment to boost climate ambition. Perspectives were shared on transitioning to a low carbon and climate-resilient global economy, mitigating climate-related financial risks, and pursuing pathways towards decarbonization.
Speakers included United States Secretary of the Treasury Janet L. Yellen, China Minister of Finance Liu Kun, Japan State Minister of Finance Kenji Nakanishi, Republic of Korea Minister of Finance Hong Nam-Ki, Chair of the Network for Greening the Financial System Frank Elderson, Malaysian Central Bank Governor Nor Shamsiah Yunus, and representatives from the Institute of International Finance, the International Chamber of Commerce, and the Worldwide Fund for Nature.
The Coalition also welcomed eight new Members—Belgium, Burkina Faso, Japan, Korea, Kyrgyzstan, Malaysia, Rwanda, and the United States—and marked the formal transition of the Co-Chair role from Chile to Indonesia.
Please see the event page for Video Statements that were contributed to the meeting, as well as the Press Release in other languages.