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 Chairs Release Joint COP26 Statement with NGFS Chair
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 Publishes Mainstreaming Paper for COP26
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 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.
HP5 Publishes Sustainable Finance Roadmaps Report
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’
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
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.