Over 500 climate policies by finance ministries worldwide show the economic benefits of climate action
The latest edition of the Climate Action Statement, featuring data from nearly 70 countries, demonstrates that finance ministries are driving economic growth, competitiveness, and resilience through their climate ambitions.
Washington, DC, October 2025 — The Coalition of Finance Ministers for Climate Action has released today the third edition of its latest Climate Action Statement and the world’s most comprehensive finance ministry–led database of completed and ongoing climate policy actions.
With the Coalition’s 14th Ministerial Meeting underway during the IMF/World Bank Annual Meetings, this interactive database features over 500 climate policy actions from nearly 70 ministries of finance worldwide. The CAS 2025 highlights how ministries of finance are not only safeguarding macroeconomic stability and fiscal sustainability but also positioning themselves as leaders in seizing the opportunities of the transition to low-carbon, climate-resilient economies amid a rapidly evolving global landscape
Key highlights:
82% of the contributing Coalition ministries of finance are strengthening Institutional Frameworks and Governance: Finance ministries are enhancing coordination, transparency, and climate-related decision-making across government systems. Ministries of Finance reported 168 measures to strengthen institutional and governance structures.
66% are advancing Financial Instruments and Carbon Markets: Finance Ministries are scaling up green bonds, emissions trading systems, and blended finance to mobilize private capital for climate action. 87 measures are reported in this area, reflecting growing reliance on market-based and financial tools.
16% are enhancing Regulatory and Informational Tools: Finance ministries are expanding climate-related disclosures and taxonomies to improve transparency and guide green investment. 77 measures were reported in this area, reflecting growing use of data and reporting standards for climate finance.
15% are Integrating Climate Risks into Public Financial Management: Ministries are aligning fiscal frameworks and macroeconomic planning with climate objectives to strengthen fiscal stability. 70 measures were reported on climate-related public financial management reforms.
10% are tailoring Environmental Taxes and Fiscal Incentives: Ministries of Finance are introducing carbon taxes, phasing out harmful subsidies, and expanding clean energy incentives. 45 measures were reported on environmental taxation and subsidy reform.
“Finance ministries play a critical role in shaping the economic signals that guide the transition. By aligning fiscal and general financial policies with climate objectives, we can create clear, predictable frameworks that attract investment, support innovation, and ensure the transition strengthens —not destabilizes— our economies.” — Marko Primorac, Minister of Finance of Croatia and Deputy Prime Minister, Incoming Co-Chair of the Coalition of Finance Ministers for Climate Action.
Climate policies are not the sole remit of Environmental Ministries. This initiative shows how Finance Ministries are transforming climate ambition into economic opportunity. From carbon pricing and green bonds to fiscal reforms and climate-informed budgeting, governments are rethinking how economies grow and compete. By harnessing the low-carbon transition, they are creating new jobs, boosting productivity, and enhancing energy and fiscal resilience—proving that climate action and economic prosperity are mutually beneficial.
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