About the Coalition

Finance Ministers hold the keys to accelerating climate action. They know most clearly the risks posed by climate change, and recognize how taking action could unlock trillions in investments and create millions of jobs through 2030.

The Coalition of Finance Ministers for Climate Action brings together fiscal and economic policymakers from over 90 countries in leading the global climate response and in securing a just transition towards low-carbon resilient development.

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The Helsinki Principles

The six Helsinki Principles guide the Coalition's commitment to #ClimateAction

Helsinki Principle 1: Align Policies with the Paris Agreement

Align our policies and practices with the Paris Agreement commitments
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Helsinki Principle 2: Share Experiences & Expertise

Share our experience and expertise with each other in order to provide mutual encouragement and promote collective understanding of policies and practices for climate action
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Helsinki Principle 3: Promote Carbon Pricing Measures

Work towards measures that result in effective carbon pricing
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Helsinki Principle 4: Mainstream Climate in Economic Policies

Take climate change into account in macroeconomic policy, fiscal planning, budgeting, public investment management, and procurement practices
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Helsinki Principle 5: Mobilize Climate Finance

Mobilize private sources of climate finance by facilitating investments and the development of a financial sector which supports climate mitigation and adaptation
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Helsinki Principle 6: Engage in NDC Development

Engage actively in the domestic preparation and implementation of Nationally Determined Contributions (NDCs) submitted under the Paris Agreement
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Workstream: Adaptation

Adapting to the risks of climate change to moderate potential damages or to benefit from opportunities
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Workstream: Green and Just Transition

Combining environmental sustainability with social justice must be considered in any effort to build a more sustainable future for everyone
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Workstream: Nature

Prioritizing nature-based solutions in budgeting decisions is imperative for the Ministries of Finance to mitigate environmental impact
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95

Member countries

43%

of global GHG emissions

69%

of Global GDP

Member Countries

 

The Secretariat

Partners

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Events

View recent and upcoming Coalition events, including workshops, webinars and meetings

October 28, 2024

Finance Ministers and CEOs Unite for Dialogue on Nature Finance at COP16
October 23, 2024

12th Ministerial Meeting
October 02, 2024

HP4 Workshop: Country Showcase – Switzerland’s Fiscal Sustainability Report
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Climate Action Statement 2024 is now Online

October 23, 2024
Author
Coalition Secretariat

At the 12th Ministerial meeting during the IMF/World Bank Annual Meetings on October 23, 2024, the Coalition presented its second joint Climate Action Statement (CAS). This annual document shows the growing range and ambition of the actions taken by Ministries of Finance. Over 60 Members shared nearly 500 climate actions covering climate policy coordination and strategic economic planning, including increased MoF engagement in updating NDCs, the scaling-up of green finance through the mobilization of public and private financial resources, implementing carbon pricing and the phasing-out of inefficient subsidies, and addressing macroeconomic climate and nature risks and financing gaps.

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Uganda is Endorsed as CFMCA Co-Chair

October 24, 2024
Author
Coalition Secretariat

Yesterday, the 12th Ministerial Meeting of the Coalition endorsed Uganda as its new Co-Chair.

Indonesia’s four-year term as Co-Chair of the Coalition of Finance Ministers for Climate Action will end in Spring 2025. Their role as Co-Chair will be taken over by Uganda, which was elected by Coalition Members in September. During the Ministerial meeting, the election results were endorsed by sitting Ministers of the Coalition. Following the Ministerial Meeting, Uganda will be closely involved in all discussions together with the two current Co-Chairs, Indonesia and the Netherlands, to ensure a smooth transition in function, process, and leadership.