We, as Finance Ministers from around the world:

Cognizant that climate change poses a significant threat to our economies, societies, and environments, including risks to economic growth and macroeconomic stability, and that there is an urgent need to accelerate action;

Recognizing that climate change is also an opportunity, and that taking action can generate substantial benefits for our societies by stimulating technological innovation, improving human well-being, and accelerating economic growth;

Noting our unique position as Finance Ministers to help accelerate a just transition to a low-carbon and climate resilient economy through macroeconomic and fiscal policy, public financial management and, where applicable, financial regulation;

Acknowledging that such policies and actions will support global collective action on climate change under the Paris Agreement;

Cognizant that Finance Ministers have a common purpose, and can benefit from a forum for sharing experiences and facilitating the adoption of best practices and policies for low-carbon and climate-resilient growth; and

Supported by technical assistance from development partners.

Hereby establish a Coalition of Finance Ministers to demonstrate our leadership in the response to climate change, wherein we will operate within our national framework, competencies, and mandate to support the following principles:

Driving a whole-of-economy transformation, including through cross-government coordination

Thematic Priority 1: Driving a coordinated whole-of-economy transformation

Driving a coordinated whole-of-economy transformation
Thematic Priorities Strengthening macro-fiscal policy and ensuring debt sustainability

Thematic Priority 2: Strengthening macro-fiscal climate policy and debt sustainability

Strengthening macro-fiscal climate policy and debt sustainability
Accelerating Decarbonization through Fiscal Instruments

Thematic Priority 3: Accelerating decarbonization through fiscal instruments

Work towards measures that result in effective carbon pricing
Mobilizing private finance for mitigatigation, adaptation and transition

Thematic Priority 4: Mobilizing private finance for mitigation, transition, and adaptation

Take climate change into account in macroeconomic policy, fiscal planning, budgeting, public investment management, and procurement practices
Planning, managing, and financing adaptation, resilience, and nature

Thematic Priority 5: Planning, managing, and financing adaptation, resilience, and nature

Mobilize private sources of climate finance by facilitating investments and the development of a financial sector which supports climate mitigation and adaptation
Economic Analysis for Climate-Informed Decision-Making

Economic Analysis for Green and Resilient Transitions

Engage actively in the domestic preparation and implementation of Nationally Determined Contributions (NDCs) submitted under the Paris Agreement