The Coalition of Finance Ministers for Climate Action puts forward its 2021 Work Programme

January 27, 2021
Author: Coalition Secretariat

The Coalition’s Work Programme for 2021 outlines the main priorities and planned activities under each Helsinki Principle workstream and key cross-cutting themes, based on the Santiago Action Plan and guidance provided by Finance Ministers. The main objectives of the Coalition in 2021 are to deepen our understanding of climate-related economic and financial policies, boost the engagement of Finance Ministries on climate change, support a green and inclusive recovery/growth from the COVID-19 crisis, and increase collaboration among workstreams and institutional partners.

Principle 1: Long-Term Strategies for Climate Change - A Review of Country Cases

July 10, 2020
Author: Coalition Secretariat

This report is a first step in the Coalition’s work under Helsinki Principle 1 to helping its member countries to design their long-term strategies. Such strategies are currently being developed. This is a very challenging task, requiring competencies, commitments, tools and governance structures to manage horizontal requirements of the work. Finance ministers are becoming more and more involved in the preparation of such strategies as economic implications of climate change and policy actions become visible. This Report approaches the topic through countries experiences, drawing from practical challenges and ways to overcome them. The Report will provide a useful overview to the Coalition members and institutional partners working on transition aspects. It will also provide the basis for future work priorities of the Coalition, and especially on areas to deepen the analysis and broaden it to new country cases.

Better Recovery, Better World: Resetting Climate Action in the Aftermath of the COVID-19 Pandemic

July 10, 2020
Author: Coalition Secretariat

The COVID-19 pandemic has unleashed suffering and economic crises of historic proportions, adding to the urgent existing need for accelerated transitions to low-carbon economies. Concerns were raised about how the economic fallout from COVID-19 would affect climate action. Following immediate action to manage the crisis, policy-makers need to design and implement recovery strategies that support sustainable growth over the medium and long term. The need for sound analysis, in line with the Helsinki Principles, is all the more critical given the challenging financial and economic circumstances. This Report is a working document. Opinions or points of view expressed are those of the authors and do not necessarily reflect the views of the Coalition or its members. The main findings of the Report will be presented to Finance Ministers at a later stage, after further preparatory work, with a view to gaining political guidance as well as direction for the Coalition’s further work priorities. The primary audience for this report is policymakers at Ministries of Finance and Economy that are responsible for economic policy and cross-sector coordination. The report will also be of great interest to other ministries, institutions and academia working to support strong, inclusive, and sustainable recoveries that will help address climate change.

Principle 6: Ministries of Finance and Nationally Determined Contributions - Stepping Up for Climate Action

July 10, 2020
Author: Coalition Secretariat

This report is a first step in the Coalition’s work under Principle 6 to support its Member Countries to design their Nationally Determined Contributions (NDCs) by strengthening the Finance Ministries’ involvement in the preparatory process. This work is closely related to the Helsinki Principle 1 on aligning policies and practices with the Paris Agreement commitments and Principle 2 on sharing experience and expertise in order to provide mutual encouragement and promote a collective understanding of policies and practices for climate action.

Press Release: The Coalition of Finance Ministers for Climate Action to Strengthen its Work for a Sustainable and Green Recovery

July 10, 2020
Author: Coalition Secretariat

The Coalition is stepping up its work to integrate the climate dimension in economic and financial policies.