Principle 1: Long-Term Strategies for Climate Change - A Review of Country Cases

July 10, 2020
Author: Coalition Secretariat

This report is a first step in the Coalition’s work under Helsinki Principle 1 to helping its member countries to design their long-term strategies. Such strategies are currently being developed. This is a very challenging task, requiring competencies, commitments, tools and governance structures to manage horizontal requirements of the work. Finance ministers are becoming more and more involved in the preparation of such strategies as economic implications of climate change and policy actions become visible. This Report approaches the topic through countries experiences, drawing from practical challenges and ways to overcome them. The Report will provide a useful overview to the Coalition members and institutional partners working on transition aspects. It will also provide the basis for future work priorities of the Coalition, and especially on areas to deepen the analysis and broaden it to new country cases.

Better Recovery, Better World: Resetting Climate Action in the Aftermath of the COVID-19 Pandemic

July 10, 2020
Author: Coalition Secretariat

The COVID-19 pandemic has unleashed suffering and economic crises of historic proportions, adding to the urgent existing need for accelerated transitions to low-carbon economies. Concerns were raised about how the economic fallout from COVID-19 would affect climate action. Following immediate action to manage the crisis, policy-makers need to design and implement recovery strategies that support sustainable growth over the medium and long term. The need for sound analysis, in line with the Helsinki Principles, is all the more critical given the challenging financial and economic circumstances.This Report is a working document. Opinions or points of view expressed are those of the authors and do not necessarily reflect the views of the Coalition or its members. The main findings of the Report will be presented to Finance Ministers at a later stage, after further preparatory work, with a view to gaining political guidance as well as direction for the Coalition’s further work priorities. The primary audience for this report is policy makers at Ministries of Finance and Economy that are responsible for economic policy and cross-sector coordination. The report will also be of great interest to other ministries, institutions and academia working to support strong, inclusive, and sustainable recoveries that will help address climate change.

Principle 6: Ministries of Finance and Nationally Determined Contributions - Stepping Up for Climate Action

July 10, 2020
Author: Coalition Secretariat

This report is a first step in the Coalition’s work under Principle 6 to support its Member Countries to design their Nationally Determined Contributions (NDCs) by strengthening the Finance Ministries’ involvement in the preparatory process. This work is closely related to the Helsinki Principle 1 on aligning policies and practices with the Paris Agreement commitments and Principle 2 on sharing experience and expertise in order to provide mutual encouragement and promote a collective understanding of policies and practices for climate action.

Press Release: The Coalition of Finance Ministers for Climate Action to Strengthen its Work for a Sustainable and Green Recovery

July 10, 2020
Author: Coalition Secretariat

The Coalition is stepping up its work to integrate the climate dimension in economic and financial policies.

COP25: Finance Ministers from over 50 countries join forces to tackle climate change

December 09, 2019
Author: Coalition Secretariat

Present for the first time at a COP, Finance Ministers launch plan of action Madrid, December 9, 2019 – Today, at the UN Climate Change Conference, COP25 in Madrid, the Coalition of Finance Ministers for Climate Action launched the Santiago Action Plan that aims to accelerate their countries’ transition to low-carbon and climate-resilient economies. The Coalition, co-led by Finland and Chile, comprises 51 countries covering 30 percent of global GDP.