This Task Group is responsible for updating the Flagship Guide, including associated materials. The Flagship Guide 2.0 will be launched in stages from late 2026 until mid-2027. This group is anticipated to also deliver a capacity-building series of workshops, including at regional convenings, in 2027. This will provide more regionally relevant, decision-oriented support for finance ministries in shaping and implementing climate and economic transformation strategies.
Objectives for the updated Guide:
• The guide is being updated to remain relevant and effective: It is being refreshed to continue supporting Ministries of Finance in driving climate action in a rapidly evolving global context.
• Reflects new economic and climate realities: The update incorporates emerging challenges such as rising debt, climate shocks, and shifting geopolitics, while preserving the guide’s core structure and strengths.
• Stronger focus on practical, actionable guidance: The update emphasizes “how-to” support—providing step-by-step tools, expanded topics, and real-world case studies that can be integrated into budgeting and investment processes.
• Improved usability and accessibility through a modular approach: A new user-friendly, modular website (with searchable case studies and potential AI tools) will make the guide more accessible and tailored to different country needs.
• Expanded and updated content on priority areas: The guide adds new material on topics such as adaptation, biodiversity, trade, and competitiveness, while updating existing sections to reflect latest developments.