This working group focuses on strengthening the economic analysis and modelling capabilities of finance ministries to support climate action. It aims to enable ministries to better integrate climate considerations into fiscal policy, budgeting, and macroeconomic planning by improving how they identify and communicate their analytical needs. It continues the Economic Analysis for Green and Resilient Transitions Initiative, part of the former HP4 workstream.
Economic Analysis for Green and Resilient Transitions has its own governance structure, anchored in the wider working group, which supports members in using the analytical outputs and strengthening their capabilities in economic analysis.
Objectives
• Facilitate the use of the existing knowledge products of the Green and Resilient Transition Initiative, as well as expand and update these products.
• Support finance ministries in clearly identifying and articulating their priority analytical needs and questions related to climate policy.
• Strengthen connections between finance ministries and the broader analytical community, including to better guide and align technical assistance, analysis tools, and research with core fiscal and macroeconomic functions.
• Develop regional and country engagement to support finance ministries in building long-term capabilities for conducting climate-related economic analysis.
Priority Outputs for 2026
• Thematic report: how finance ministries can support green technologies and green industrial and innovation strategies, with a focus on available analytical tools and emerging good practices
• A step-by-step guide for finance ministries to address pressing climate policy questions and use analytical tools and models to drive climate action
• Updated Compendium of Practice, with focus on emerging and developing economies.
• Forum on the Macroeconomics of Green and Resilient Transitions tentatively scheduled to be held in early 2027
• Regional activities for peer-to-peer exchange, training, and sharing of good practices. Country-level engagement with 2-3 members.
Visit our website hosting the Compendium of Practice:
2026 Publications:
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How Ministries of Finance can support coherent climate policy packages: Available analytical tools and emerging good practice- February 2026 This report focuses on identifying and illustrating how MoFs can best support the design and implementation of coherent climate policy packages. It examines the importance of multifaceted policy packages and the various fiscal and regulatory measures that Ministries of Finance can deploy in coordination with line ministries to advance decarbonization. Beyond policy options, the report discusses the analytical tools available to Ministries of Finance as they support climate packages, and outlines a structured approach to defining, assessing, implementing, and evaluating climate packages that combine multiple instruments.
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Economic Analysis for Green and Resilient Transitions: Initiative Overview - February 2026 This document provides a one-stop overview of the ‘Economic Analysis for Green and Resilient Transitions’ initiative of the Coalition of Finance Ministers for Climate Action. Introduced by the Danish Minister for Finance, the document presents: the rationale for this crucial initiative; work highlights and successes to date—including findings from a first-of-a-kind survey of Ministries of Finance, and case study insights from the initiative’s ambitious Compendium of Practice; recommendations for plugging key gaps in Ministries’ access to tools and their capabilities for mainstreaming climate action; and a look-ahead to the initiative’s work in 2026.
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2025 Publications:
 | Economic Analysis and Modeling Tools to Assist Ministries of Finance in Driving Green and Resilient Transitions - November 2025 This report provides a systematic overview of analytical tools available to Ministries of Finance to help address these policy questions and integrate climate into their economic analysis. It serves as a reference for Ministries of Finance and their partners that want to explore how climate-related economic policy can be analyzed and diverse tools can be used to support climate-informed decision-making.
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 | How Ministries of Finance Can Build Capabilities for Economic Analysis and Modeling to Drive Green and Resilient Transitions - October 2025 The report provides an overview of strategies, options, and recommendations for how MoFs can practically enhance their analytical capabilities to drive green and resilient transitions. Covering existing literature, case studies, and lessons learnt, it focuses on three aspects of capabilities: 1) Leadership and Governance, 2) Coordination and Collaboration, and 3) Skills and Expertise. It also discusses the role of technical assistance providers and the broader ecosystem of actors supporting Ministries of Finance.
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 | A Global Survey of Finance Ministries: The pressing policy questions Ministries of Finance face in driving green and resilient transitions and their use of analytical tools to address them. 59 members responded (almost a third of all MoFs), and 15 participated in semi-structured interviews- here.
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Global Compendium of Practice – Summary Report of Economic Analysis and Modeling Tools to Assist Ministries of Finance in Driving Green and Resilient Transitions. Summarizes 130 contributions from 70 institutions, capturing existing and frontier economic analysis in action. It includes 10 model types and more than 30 specific models in use - here |
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Thematic Report: How Finance Ministries Can Assess and Manage Physical Climate Risks and Adaptation. Available analytical tools and emerging good practices, drawing on over 60 case studies of examples for quantifying climate impacts on the economy and public finances - here.
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 | Thematic Report: How Finance Ministries Can Assess the Fiscal Challenges and Opportunities from Green and Resilient Transitions. Available analytical tools and emerging good practices, focusing on the ways in which climate-related issues can affect public finances and how MoFs can assess the impacts using existing data, analytical tools and approaches - here.
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Hear from Prof. Swenja Surminski, who encourages readers to explore the report and discover existing tools that help Ministries of Finance make pragmatic decisions.