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.
Paris Summit - Leveraging Capacities for Finance Ministries on Climate Action
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.
Green Transition Concept Note Review Meeting
The kickoff meeting of the Green Transition workstream was held on May 23, 2023 with over 40 Coalition members and counted with the valuable participation of participants, whose corroborated the proposed concept note and activities for 2023.
Taking Stock of Nature - Insights from Institutional Partners Workshop
The purpose of this workshop is to showcase and update member countries on the latest work on nature by leading Institutional Partners of the Coalition. We also aim to facilitate interactive discussions whereby partners can learn about the needs and demands from member countries.
9th Ministerial Meeting
The Coalition of Finance Ministers for Climate Action gathered for its 9th Ministerial Meeting on April 14, 2023, chaired jointly by Sri Mulyani Indrawati, Minister of Finance of Indonesia, Sigrid Kaag, Minister of Finance of The Netherlands, and Pekka Moren, Special Representative of the Minister of Finance of Finland.
HP5 Workshop - Net Zero Data Public Utility (NZDPU), its relevance to MoFs, and challenges with respect to private sector commitment tracking
The purpose of the workshop was to present the NZDPU to Coalition Members by highlighting the key issues it tries to address - greater private sector data transparency, comparability and free data access, better ability of policymakers to track the progress made with the transition and factor in climate aspects into their decision-making, among others – and discuss how countries can support making the platform a success. In addition, the OECD will delve deeper into how future work could build on the NZDPU and into key aspects for MoFs to consider when assessing and tracking financial institution commitments.
COP27 Event: Closing the Weather and Climate Data Gap for Effective Economic Decision-Making
This event brought the finance ministry and climate-science communities together for the first time at a COP to discuss the urgency of closing the weather and climate data gaps and how Ministers of Finance can support this endeavor, as well as how climate data can be used by finance ministries to create more effective economic policies.
Coalition Meeting at COP27
The Coalition of Finance Ministers for Climate Action met on November 9 during the UNFCCC COP27 climate conference in Sharm el-Sheikh, Egypt. The meeting—one of the central events of Finance Day at COP27—brought together Finance Ministers, heads of international organizations, and other senior officials to discuss how finance ministries can help their countries adapt to the increasingly costly impacts of climate change.
8th Ministerial Meeting
The Coalition of Finance Ministers for Climate Action met today as part of the 2022 IMF/World Bank Annual Meetings under Co-Chair H.E. Annika Saarikko, Minister of Finance of Finland, and Co-Chair H.E. Sri Mulyani Indrawati, Minister of Finance of Indonesia.