Coalition and OECD Paris Collaborative hold third joint workshop on Green Budgeting
Author: Coalition Secretariat
On March 25th, 2021, the Coalition of Finance Ministers for Climate Action organized a high-level workshop on green budgeting in co-operation with the OECD Paris Collaborative. Green budgeting is a key priority area on the Coalition’s agenda, and this is the third joint green budgeting event since the Coalition’s inception. The work builds on the various findings and discussions that have taken place at previous workshops and the efforts of the Institutional Partners (e.g. OECD, WB, IMF, UNDP), and provides a way forward for the Coalition’s work and all its member countries.
Coalition Hosts Online Debate with Nordic Investment Bank on “Path to Sustainable Recovery”
Author: Coalition Secretariat
On March 16th, 2021, the Coalition of Finance Ministers for Climate Action co-organized an online event with the Nordic Investment Bank (NIB) titled “Debate: Path to Sustainable Recovery”. The two-hour virtual debate addressed how countries can pursue a sustainable recovery in light of the ongoing pandemic and climate change challenges, and included discussion on COVID-19 response in the Nordic-Baltic region and the role of International Financial Institutes and Multilateral Development Banks in a sustainable recovery in a global context.
Coalition Hosts Stakeholder Dialogue with Dasgupta Review Team on the Economics of Biodiversity
Author: Coalition Secretariat
On Friday, March 12, 2021, the Coalition of Finance Ministers for Climate Action hosted Ant Parham and Emily McKenzie from Her Majesty’s Treasury, UK – both members of the Dasgupta Review team – who presented key findings from the Review. Members of the Coalition discussed approaches Ministries of Finance can take to integrate biodiversity considerations into policy and practice based on experiences from mainstreaming climate change into economic and financial policies. They also discussed the need to explore potential actions at the nexus of climate and biodiversity, as well as how to manage the conservation of critical biodiversity and ecosystem services that are global public goods.
Coalition Hosts First Stakeholder Dialogue with the IFRS Foundation
Author: Coalition Secretariat
Today the Coalition of Finance Ministers for Climate Action hosted Lee White, Executive Director of the International Financial Reporting Standards (IFRS) Foundation, and Sam Prestidge, Adviser on Governance and Strategic Policy at the IFRS Foundation, for the Coalition’s first ‘Stakeholder Dialogue’. This event was organized by the Helsinki Principle 5 Workstream on ‘mobilizing private finance'. The participants agreed that it was a very informative session, and the Coalition will aim to support Members by raising awareness of the technical and political aspects of sustainability reporting standards and supporting global collective action, including the IFRS where possible.
Helsinki Principle 4 Workshop on Economic Modelling
Author: Coalition Secretariat
On February 24th, 2021, the Coalition of Finance Ministers for Climate Action organized a workshop on integrating climate into economic modelling in co-operation with the OECD and the Paris Collaborative. At the Fourth Ministerial Meeting of the Coalition in October 2020, Ministers tasked the Coalition to explore ways to integrate climate in economic modelling. This workshop is the first event under Helsinki Principle 4 dedicated to economic modelling.