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.
COP28 - 2023 United Nations Climate Change Conference or Conference of the Parties
The Coalition will meet on December 6th during the UNFCCC COP28 conference in Dubai, UAE.
Nature Investments Workshop
Nature Investments workshop was organized jointly by Nature and HP5 workstreams to discuss the challenges and opportunities of mobilizing finance for nature and potential policy actions for the Ministries of Finance.
10th Ministerial Meeting
Marrakech, 11 October 2023 – The Coalition of Finance Ministers for Climate Action gathered in-person for our 10th Ministerial Meeting on October 11, 2023, chaired jointly by Sri Mulyani Indrawati, Minister of Finance of Indonesia, Sigrid Kaag, Minister of Finance of The Nethe
Joint HP5-HP2 workshop: Paris Agreement Article 2.1(c) Implementation
To address member requests two workshops on the topic are being arranged: the current workshop (open to Coalition members), as well as UNFCC SCF-led workshop to be held on November 2, details tbd (open to all Ministries of Finance).
Addressing Climate Change from a Disaster Risk Management and Financing Perspective Workshop
The HP4, HP5, and Adaptation workstreams organized a workshop focused on disaster risk financing on September 20, 2023. The workshop provided Coalition members with an overview of disaster risk financing by experts from the World Bank, presented the World Bank’s Disaster Resilient and Responsive Public Financial Management Assessment Tool, summarized the European Commission’s findings on disaster risk financing in EU member states, and provided the United Kingdom, Mexico, and the Philippines with an opportunity highlight the progress that they’ve made on this important topic.