The Coalition of Finance Ministers for Climate Action was invited to present our flagship guide and capacity building catalogue at the second High-Level Dialogue of the Regional Climate Change Platform of the Ministries of Finance, Economy and Finance of Latin America and the Caribbean, in Santiago – Chile.
The Regional Climate Change Platform of the Ministries of Finance, Economy and Finance of Latin America and the Caribbean is an awe inspiring space for knowledge exchange and a unique collaborative work mechanism, which seeks to strengthen economic and fiscal policies in the region to address the challenges that climate change demands.
At their second annual meeting, representatives issued for the first time a joint statement to align their fiscal strategies to promote the transition to low-carbon and climate-resilient economies. The declaration recognizes the strategic role that ministries of finance can play in promoting a sustainable and just transition to net-zero carbon economies and ratifies their commitment to promote green fiscal policies in the region to support the mobilization of private capital towards investments in green technologies and the mitigation of risks associated with the transition to decarbonized economies.
The member countries of the platform committed to contribute to the development of innovative financial mechanisms, improve investment flows, and create pathways for effective resource allocation to support these goals. During the same meeting, Chile's Ministry of Finance assumed the pro tempore presidency of the platform, where the Inter-American Development Bank acts as Secretariat. At this event, the work plan for the period 2023-2024 was also presented and approved, which was prepared based on the main interests expressed by the various countries in the region.
The Platform invited member countries of the Coalition for Finance Ministers for Climate Action to share their experiences in the context of the guide, followed by a brief presentation. Jaime Tramon, representing the Chile Ministry of Finance (and chairing the Platform), offered introductory remarks. Laura Tellez, gave insightful views from the Ministry of Finance of Mexico, followed by Juan Labat’s experience and that of Uruguay. Nick Godfrey presented the Guide, and Frank van Lerven discussed the Coalition’s Climate Action Statement and the rich network of capacity building programs provided by our Institutional Partners.
This blog is authored by Frank van Lerven
Cover photo by victor san martin - Flickr, CC BY-SA 2.0, https://commons.wikimedia.org/w/index.php?curid=3233275