Coalition Hosts Stakeholder Dialogue with Mark Carney, UN Special Envoy on Climate Action and Finance
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
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 publishes Summary for Policymakers on Private Financial Sector Paris Alignment
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 and Swedish MoF hosts Virtual Workshop on Carbon Taxation, Green Recovery, and CBAM
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 Hosts Stakeholder Dialogue with the CBD Secretariat
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
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
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.
Coalition Hosts Online Debate with Nordic Investment Bank on “Path to Sustainable Recovery”
Author: Coalition Secretariat
On March 16th, 2021, the Coalition of Finance Ministers for Climate Action co-organized an online event with the Nordic Investment Bank (NIB) titled “Debate: Path to Sustainable Recovery”. The two-hour virtual debate addressed how countries can pursue a sustainable recovery in light of the ongoing pandemic and climate change challenges, and included discussion on COVID-19 response in the Nordic-Baltic region and the role of International Financial Institutes and Multilateral Development Banks in a sustainable recovery in a global context.
Coalition Hosts Stakeholder Dialogue with Dasgupta Review Team on the Economics of Biodiversity
Author: Coalition Secretariat
On Friday, March 12, 2021, the Coalition of Finance Ministers for Climate Action hosted Ant Parham and Emily McKenzie from Her Majesty’s Treasury, UK – both members of the Dasgupta Review team – who presented key findings from the Review. Members of the Coalition discussed approaches Ministries of Finance can take to integrate biodiversity considerations into policy and practice based on experiences from mainstreaming climate change into economic and financial policies. They also discussed the need to explore potential actions at the nexus of climate and biodiversity, as well as how to manage the conservation of critical biodiversity and ecosystem services that are global public goods.
Coalition Hosts First Stakeholder Dialogue with the IFRS Foundation
Author: Coalition Secretariat
Today the Coalition of Finance Ministers for Climate Action hosted Lee White, Executive Director of the International Financial Reporting Standards (IFRS) Foundation, and Sam Prestidge, Adviser on Governance and Strategic Policy at the IFRS Foundation, for the Coalition’s first ‘Stakeholder Dialogue’. This event was organized by the Helsinki Principle 5 Workstream on ‘mobilizing private finance'. The participants agreed that it was a very informative session, and the Coalition will aim to support Members by raising awareness of the technical and political aspects of sustainability reporting standards and supporting global collective action, including the IFRS where possible.