HP4 and HP5 Host Workshop on Natural Capital Accounting for Ministries of Finance

November 18, 2021
Author: Coalition Secretariat

On November 18, the Helsinki Principle 4 and 5 workstreams hosted a joint workshop on Natural Capital Accounting, which is a critical tool Ministries of Finance can use to better understand and manage their natural assets. Natural capital accounts, once in place, can help governments make more informed decisions about development as well as investment in conservation, restoration, and sustainable use of nature.

Coalition Publishes 2021 Green Recovery Report: Building Momentum for Strong Recovery and Sustainable Transformation

November 14, 2021
Author: Coalition Secretariat

The Coalition of Finance Ministers for Climate Action has published a flagship report on the state of green recovery efforts from the COVID-19 pandemic. The report, Building Momentum for Strong Recovery and Sustainable Transformation, builds on the Better Recovery, Better World report, published in July 2020.

Coalition Publishes Mainstreaming Paper for COP26

November 03, 2021
Author: Coalition Secretariat

On the occasion of the Coalition meeting at COP26, the Coalition published a short paper titled Mainstreaming Climate into Economic and Financial Policies. The report draws on the work of the Coalition’s six workstreams and the priorities set forth by its Members at the Ministerial meeting held on 12 October 2021, and highlights the deepening engagement of Finance Ministries on the climate change agenda.

Coalition Chairs Release Joint COP26 Statement with NGFS Chair

November 03, 2021
Author: Coalition Secretariat

The Coalition of Finance Ministers for Climate Action took center stage on Finance Day at COP26 (November 3, 2021) and showcased the crucial role Ministers of Finance have to play, working together across all regions, to keep an average global warming limit of 1.5 degrees Celsius within reach. On this occasion, the Chairs of the Coalition and the NGFS released a Chairs Joint COP26 Statement expressing support for the COP26 process and highlighting key areas where Ministries of Finance, Central Banks, and financial sector supervisors can help shift the trajectory towards net-zero.

Coalition Meets During COP26

November 03, 2021
Author: Coalition Secretariat

The Coalition of Finance Ministers for Climate Action met at COP26 to advance efforts to align economic and financial decision-making with the goals of the Paris Agreement.

HP5 Publishes Sustainable Finance Roadmaps Report

November 02, 2021
Author: Coalition Secretariat

The Helsinki Principle 5 Workstream has produced a report assessing a sample of roadmaps from various countries to identify commonalities and differences across them. This research was led by the UN-convened Financial Centers for Sustainability (FC4S) network, in collaboration with the World Bank, under the direction of the Coalition. The roadmaps from 30 countries have been analyzed, including the experiences of the following Coalition Member countries: Canada, Japan, Luxembourg, Mexico, Nigeria, Switzerland, Germany, and Ireland.

HP5 Hosts Workshop on the Role of Ministries of Finance in Driving ‘Resilient Investment’ and ‘Investment in Resilience’

October 07, 2021
Author: Coalition Secretariat

On October 7, 2021, the Helsinki Principle 5 workstream hosted a workshop on ‘The Role of Ministries of Finance in Driving Resilient Investment and Investment in Resilience’; the second workshop on resilience and adaptation organized by the HP5 workstream. The event provided an opportunity to discuss how Ministries of Finance (MoFs) can contribute to driving resilient investment and investment in resilience by creating the conditions for private sector finance mobilization.

HP2 Hosts Workshop on Finance Ministries’ Mainstreaming Strategies and Research Practice in Climate Action

September 30, 2021
Author: Coalition Secretariat

On Thursday, September 30, the Coalition hosted a workshop under Helsinki Principle 2 on Finance Ministries’ Mainstreaming Strategies and Research Practices in Climate Action. The virtual seminar was the second in the series of workshops, and focused on how Ministries of Finance have incorporated mainstreaming practices—plans, structures, research, training, etc.—as part of the governance and implementation of their climate strategies.

HP5 Hosts Latin America-Focused Workshop on Developing Subnational Green Bond Markets in Emerging Economies

September 23, 2021
Author: Coalition Secretariat

On September 23, 2021, the HP5 Workstream hosted a Latin America and Caribbean (LAC) focused workshop on ‘Developing Subnational Green Bond Markets in Emerging Economies: Challenges and Solutions for Ministries of Finance.’ The workshop was organized by the Inter-American Development Bank (IDB). This is the first region-focused workshop the Coalition has organized and others will soon follow.

Helsinki Principle 5 Stakeholder Dialogue with COP26 Private Finance Hub on TCFD Recommendations for Measuring Portfolio Alignment

September 14, 2021
Author: Coalition Secretariat

The aim of the report "Measuring Portfolio Alignment: Technical Supplement" is to bring more convergence and transparency to the assessment of portfolio alignment. The report authors, who are members of the COP26 Private Finance Hub, presented their findings and recommendations to Coalition Members and Institutional Partners in a stakeholder dialogue on September 9, 2021, who then had an opportunity to provide feedback and ask questions. The discussion built on previous work of the Helsinki Principle 5 workstream, which over the last year has held two workshops on measuring portfolio alignment and published a "Summary for Policymakers on Private Financial Sector Paris Alignment".