At the 12th Ministerial during the IMF/World Bank Annual Meetings in October 2024, the Coalition presented its second joint Climate Action Statement (CAS). This annual document shows the growing range and ambition of the actions taken by Ministries of Finance. Over 60 Members shared nearly 500 climate actions covering climate policy coordination and strategic economic planning, including increased MoF engagement in updating NDCs, the scaling-up of green finance through the mobilization of public and private financial resources, implementing carbon pricing and the phasing-out of inefficient subsidies, and addressing macroeconomic climate and nature risks and financing gaps.
During the main component of the Ministerial Meeting, Ministers had in-depth discussions on two policy topics:
- Assessing climate risks and opportunities to guide macro-economic planning for adaptation, and
- Designing tools, instruments, and policies to scale up nature finance.
Finally, two important procedural matters were addressed: the endorsement of the revised Coalition Charter, and confirmation of Uganda as a new incoming Co-Chair.
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