HP1 Publishes Report on Scoping the Fiscal Impacts of Long-Term Climate Strategies
Author: Coalition Secretariat
The Coalition of Finance Ministers for Climate Action has published a new report under the Helsinki Principle 1 workstream (aligning policies with the Paris Agreement), titled "How to Scope the Fiscal Impacts of Long-Term Climate Strategies? A Review of Current Methods and Processes". By reviewing the leading fiscal modeling methods, approaches, and processes, this report provides a comprehensive guide for policymakers on how to best identify and quantify the potential fiscal impacts of various policies designed to address climate change and reach net zero targets.
HP5 Stakeholder Dialogue on Corporate Sustainability Reporting - Updates from the ISSB and TNFD
Author: Coalition Secretariat
On Thursday April 14, 2022, the Coalition hosted representatives from the International Financial Reporting Standards (IFRS) Foundation’s International Sustainability Standards Board (ISSB) and the Taskforce on Nature-related Financial Disclosures (TNFD) to get an update on the respective standards or framework each is developing. This session built on previous discussions the Principle 5 workstream has organized on the topic of corporate sustainability reporting.
HP4 Publishes Report on Driving Climate Action through Economic and Fiscal Policy and Practice
Author: Coalition Secretariat
The Helsinki Principle 4 workstream has published a new report, "Driving Climate Action through Economic and Fiscal Policy and Practice". The report draws on experiences and practices from member countries and includes a curated list of frameworks, guidance, and tools to support ministries of finance in mainstreaming climate change in economic and fiscal policy and practice.
Coalition Puts Forward its Work Programme for 2022
Author: Coalition Secretariat
The 2022 Work Programme of the Coalition of Finance Ministers for Climate Action outlines the main priorities and planned activities under each Helsinki Principle workstream and key cross-cutting themes.
HP4 and HP5 Host Joint Workshop on Sovereign Climate and Nature Risks and Opportunities Reporting
Author: Coalition Secretariat
On February 10, 2022, the Helsinki Principle 4 and Principle 5 workstreams hosted a workshop to discuss whether it is time for a sovereign climate and nature risks and opportunities reporting framework. Nearly 100 participants tuned in to listen and discuss the relevance of this topic for their Ministries of Finance (MoFs) and for the Coalition overall.
HP2 Publishes Report on Mainstreaming Climate Action in Ministries of Finance
Author: Coalition Secretariat
The Helsinki Principle 2 workstream has published a new report, Strategies for Mainstreaming Climate Action in Ministries of Finance: Governance, Capacities, and Research Practices. The report assesses the current situation in Finance Ministries in addressing climate change and mainstreaming climate action, explores the concrete steps needed for increased climate mainstreaming, and provides findings on actions by MoFs and the role of the Coalition to take this agenda forward.
HP5 Stakeholder Dialogue with Credit Rating Agencies on How Climate Criteria Are Being Integrated into Sovereign Ratings
Author: Coalition Secretariat
In this stakeholder dialogue, Coalition members learned about the approaches of credit rating agencies in assessing climate-related risks. The dialogue supported the work of both Helsinki Principle 5 (mobilizing finance and greening financial systems) and Principle 4 (economic policies and public financial management).
HP4 and HP5 Host Workshop on Natural Capital Accounting for Ministries of Finance
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
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 Meets During COP26
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.