The Coalition was proud to present the flagship guide at the Austrian Ministry of Finance on Monday, the 18th of September 2023, as part of their Forum Finanz event series.
Empowering Climate Action: Ministries of Finance Role in Nationally Determined Contributions and Long-Term Strategies Implementation Workshop
The Coalition Secretariat and the NDC Partnership co-organized a workshop on September 12 to highlight key messages and results of the Coalition’s report Ministries of Finance and Nationally Determined Contributions: Raising Ambition and Accelerating Climate Action. They have collaborated closely with Uganda and Jamaica to advance this work under Helsinki Principle 6 and 1 workstreams and to strengthen the crucial role of Ministries of Finance (MoF) in shaping, updating, and implementing Nationally Determined Contributions (NDCs) and Long-term Strategies (LTS).
The Secretariat for the Coalition of Finance Ministers for Climate Action (the Coalition), and the Coalition’s institutional partners (IPs), UNDP and UNEP, co-organized a webinar on August 17, 2023 to discuss these challenges and opportunities for scaling up adaptation private finance and the role that Finance Ministries can play and has been playing in catalyzing private finance for adaptation.
Capacity Building, Training and Research Support Action - Presentation of activities by the Institutional Partners (2nd edition)
Aiming to capitalize on existing experience and expertise of the Coalition’s Institutional Partners, the workshop offered the 2nd review of on-going and planned training, research, and capacity building activities of IPs.
This workshop informed members on the developments in the above disclosure requirements, what these standards would mean in practice, and the role of Finance Ministries in implementing them at national levels.
On Tuesday, July 11, the Coalition hosted the “Green Transition Taxonomies” seminar under the Green Transition workstream. Speakers highlighted the relevance of taxonomies to follow overarching guiding principles, while recognizing differences in national priorities (e.g., NDCs) and limitations (e.g., affordability) that translate into different decarbonization starting points and trajectories.
This webinar is co-organized with UNDP and UNEP, institutional partners of the Coalition of Finance Ministers for Climate Action and is the first of a two-part webinar series focusing on adaptation planning and financing. Whole-of-government approaches to adaptation planning and financing strategies and the role of finance ministries in the development and implementation of NAPs and NDCs as relates to climate adaptation were presented during the session along with shared experiences of Ministries of Finance and Economy through an interactive panel discussion.
Nature workshop: What the Global Biodiversity Framework Means for Finance Ministries and Central Banks
This workshop examined what the Global Biodiversity Targets (GBF) means for the financial sector, particularly the Ministries of Finance and the Central Banks, as well as highlighted how Coalition members - Chile, Finland, France, Mexico, Uganda, and the UK - integrate nature in their agendas.
On June 22nd, an official side event of the Paris Summit was jointly organized by the Coalition and the C3A program, titled “Leveraging Capacities for Finance Ministries on Climate Action”, which featured a panel discussion by Co-Chairs Sherpas Masyita Crystallin and Ralien Bekkers, Juergen Voegele (World Bank), Amar Bhattacharya (Brookings), Fatima Denton (UNU-INRA), Tom Heller (CPI), and Morgan Despres (ECF/NGFS).
Global Event | From Guide to Action: Strengthening the Role of Ministries of Finance in Driving Climate Action
To help Ministries of Finance to mainstream climate action into their core functions and capabilities, the Coalition recently launched a flagship guide for Ministries and Ministers of Finance, ‘Strengthening the Role of Ministries of Finance in Driving Climate Action’. Based on over 140 inspiring country case studies of climate action, the guide offers concrete steps for Ministries of Finance to strengthen their role in driving the transition to a zero-carbon, climate-resilient economy. It shows that in taking bold climate action, Ministries of Finance can tackle escalating risks, achieve macro stability, enhance resilience, create growth and development opportunities, and deliver clean, secure and affordable energy.