Finance Ministries have a critical role in responding to the macro-critical issue that adaptation is. This includes formulating a whole-of-government approach to adaptation, integrating adaptation policies in macro-fiscal policies, ensuring country’s access to finance and enabling the private sector financing. Based on analytical work and recommendations of the IMF, World Bank and WRI, the Coalition has considered key policy issues for Finance Ministries. The main issue is to develop a “whole-of-government” approach for adaptation and resilience with the foundations being fiscal space for contingency planning and inclusive growth policies which reduces climate impacts on the economy, corporates, and people. The Coalition has under work streams on Helsinki Principles 4 and 5 delved into the risks of climate change and fiscal policies to address them. The poor and marginalized communities tend to be the most vulnerable to climate risks addressing equity issues within and between countries helps adaptation.
Actively Engaged Partners