Natural capital accounting: integrating nature into policy and investment decisions
The Nature workstream held a workshop on Natural Capital Accounting (NCA) to unpack the role of Ministries of Finance in supporting the implementation of national and subnational NCA practices and how this information can drive policy decisions for sustainable development.
CFMCA Regional Convening for Africa
Sustainable Horizons Conference, a pivotal regional event is aimed at enhancing the role of Ministries of Finance (MoFs) in advancing climate action across Sub-Saharan Africa and will facilitate crucial discussions, peer-to-peer learning, and the exchange of innovative ideas to foster a socially just and low-carbon transition in the region.
Joint HP5-Nature workshop: Update on climate-related and nature-related disclosure requirements
The HP5 and Nature workstreams held a workshop to inform members on the developments in the climate- and nature-related disclosure requirements, what these standards mean in practice, and the role of Finance Ministries in implementing them at national levels:
Multilateral Carbon Tax Treaty (MCTT) Workshop
The Helsinki Principle 3 (HP3) workstream hosted a discussion with Tatiana Falcão around her proposal for a Multilateral Carbon Tax Treaty (MCTT)
Using Green Budgeting to Strengthen the Alignment of Public Financial Flows with Climate and Environmental Objectives
The Helsinki Principle 4 (HP4) workstream hosted a workshop titled, “Using Green Budgeting to Strengthen the Alignment of Public Financial Flows with Climate and Environmental Objectives.” Organized by HP4 co-leads, Denmark and the United States of America, and in collaboration with Austria, the workshop emphasized the importance of using green budgeting tools to inform government
HP3 Hybrid Seminar: “Abolishing Fossil Fuel Subsidies- A Brain Teaser Rather than a No-Brainer”
The Helsinki Principle 3 (HP3) workstream hosted a discussion on a joint paper on fossil fuel subsidies by the Netherlands Bureau for Economic Policy Analysis and the Netherlands Environmental Assessment Agency "Abolishing fossil fuel subsidies: a brain teaser rather than a no-brainer."
Figure: Carbon Pricing and Fossil Fuel Subsidies, 2021
Workshop: National Transition Plans: the existing transition planning landscape
National Transition Plans workshop was organized jointly by Transition, HP5 and HP1/6 workstreams, to introduce members to the topic of NTPs, to provide clarity of a variety of transition plan frameworks and guidance documents for the private sector
11th Ministerial Meeting
The Coalition convened on Wednesday, April 17, 2024 during the World Bank and International Monetary Fund Spring Meetings in Washington, DC. The 11th Ministerial discussed the role of Finance Ministers in the design, financing implementation of Nationally Determined Contributions (NDCs), or countries’ national climate plans which need to be updated by 2025 under the Paris Agreement framework. Finance Ministers and partners shared their experiences, lessons and best practices on several sub-topics in high-level roundtables.
Consultative Workshop for Updated PEFA Climate Framework
The Public Expenditure and Financial Accountability (PEFA) program was initiated in 2001 and provides a framework for assessing and reporting on the strengths and weaknesses of public financial management (PFM) using quantitative indicators to measure performance.