Mrs. Annika Saarikko, new Finance Minister of Finland, assumes role as Finnish Co-Chair

June 15, 2021
Author: Coalition Secretariat

Mrs. Annika Saarikko (former Minister of Science and Culture) has been appointed as the new Minister of Finance of Finland. Saarikko affirms Finland’s commitment to act as Co-Chair for the Coalition of Finance Ministers for Climate Action. “The Coalition of Finance Ministers highly appreciates the support and input given by the World Bank acting as the Coalition Secretariat in cooperation with the IMF. I look forward to co-chairing the Coalition with the Minister of Finance of Indonesia, and highly honor our joint engagement,” said Minister Saarikko.

HP2 Hosts Workshop on Finance Ministries’ Strategies, Capacities, and Research Practices

May 26, 2021
Author: Coalition Secretariat

On Wednesday, May 26, the Coalition hosted a workshop under Helsinki Principle 2 on Finance Ministries’ Strategies, Capacities, and Research Practices. The two-hour virtual seminar addressed how Ministries of Finance have incorporated climate change into their strategies, how they are addressing capacity and expertise issues related to climate change, and how research can provide guidance for economic policymaking.

Coalition Publishes New Report: Climate-Related Risks for Ministries of Finance: An Overview

May 25, 2021
Author: Coalition Secretariat

The Coalition’s Santiago Action Plan stresses the importance of incorporating climate change considerations into financial decisions and identifying risks climate change poses to financial stability. In this context, the Coalition produced this note on climate-related financial risk to raise awareness and explore risk management approaches. The findings of this note will be reviewed by Coalition Members with a view to identify policy priorities and potential areas for future work.

Coalition Hosts Stakeholder Dialogue with Mark Carney, UN Special Envoy on Climate Action and Finance

May 18, 2021
Author: Coalition Secretariat

On May 18, the Coalition hosted a stakeholder dialogue with Mark Carney (UN Special Envoy on Climate Action and Finance; Special Advisor for COP26; Vice Chair at Brookfield Asset Management; and former Governor of the Bank of England and Bank of Canada). Mr. Carney shared some of the key messages from his forthcoming book, Value(s): Building a Better World for All.

HP5 Hosts Workshop on Commitments and Measurement Methods for Private Financial Sector Paris Alignment

May 12, 2021
Author: Coalition Secretariat

On Monday May 10, the Coalition hosted a workshop on Commitments and Measurement Methods for Private Sector Portfolio Alignment with the Paris Agreement. In the workshop, the findings from a recently finalized Coalition report were presented. The report summary suggests that Ministries of Finance and central banks, as well as international bodies such as the Coalition, have a role to play in fostering robust climate alignment initiatives and methodologies.

Coalition and Swedish MoF hosts Virtual Workshop on Carbon Taxation, Green Recovery, and CBAM

May 06, 2021
Author: Coalition Secretariat

On May 6, 2021, the Swedish Ministry of Finance in cooperation with the Coalition of Finance Ministers for Climate Action organized a virtual workshop on carbon pricing, emphasizing in particular the role that carbon taxation and the Carbon Border Adjustment Mechanism (CBAM) proposed by the European Commission can play in the Green Recovery process following the COVID-19 Pandemic.

Coalition publishes Summary for Policymakers on Private Financial Sector Paris Alignment

May 06, 2021
Author: Coalition Secretariat

Financial institutions are joining a growing number of initiatives to align their lending and investment portfolios with the Paris Agreement goals. In this summary note written for policymakers, Jochem Wissenburg from the Ministry of Finance of the Netherlands, Florencia Baldi of the FC4S Network, and Emma Dalhuijsen and Samantha Power of the World Bank present some of the findings and suggest potential actions for government actors.

Coalition Hosts Stakeholder Dialogue with the CBD Secretariat

April 27, 2021
Author: Coalition Secretariat

On Tuesday, April 27, the Coalition hosted a virtual ‘stakeholder dialogue’ with the Convention of Biological Diversity (CBD) Secretariat. A discussion took place on the potential role of MoFs in meeting the targets laid out in the Global Biodiversity Framework. Coalition Members also discussed the potential to raise awareness of actions that can be taken at the climate-nature nexus and implications for the Coalition’s work.

Press Release: April 2021 Minister-Level Meeting

April 06, 2021
Author: Coalition Secretariat

The Coalition of Finance Ministers for Climate Action met on the margins of the 2021 Spring Meetings of the World Bank Group and the International Monetary Fund on April 6, 2021, under Co-Chair H.E. Matti Vanhanen, Minister of Finance of Finland, outgoing Co-Chair H.E. Rodrigo Cerda, Minister of Finance of Chile, and incoming Co-Chair H.E. Sri Mulyani Indrawati, Minister of Finance of Indonesia.

Coalition and OECD Paris Collaborative hold third joint workshop on Green Budgeting

March 25, 2021
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.