Coalition of Finance Ministers for Climate Action

#COP29 in Baku, #Azerbaijan, concluded with governments agreeing on a new collective quantified goal (NCQG) for climate finance, replacing a previous goal of mobilizing $100 billion per year to address the needs of developing countries. While the NCQG decision represents increased ambition and climate finance flows have increased in recent years, they remain far below what is needed — particularly for Least Developed Countries and Small Island Developing States. To support countries in setting up and effectively operating Climate Finance Units (CFUs), the Center for Access to Climate Finance released a new Policy Brief offering practical guidance through actionable recommendations. The Brief provides insights from CFUs already in place across multiple countries, including 🇧🇩 Bangladesh, 🇧🇿 Belize, 🇫🇯 Fiji, 🇰🇪 Kenya, 🇲🇿 Mozambique, 🇷🇼 Rwanda and 🇺🇬 Uganda. Case studies highlight real-world success factors such as strong mandates, cross-government coordination and alignment with national climate priorities, including NDCs. Examples demonstrate how CFUs play a vital role in mobilizing and managing climate finance and are important vehicles to attract additional investment from public and private sources. Learn more ➡️ https://lnkd.in/gefFhk5p Coalition of Finance Ministers for Climate Action Rwanda Green Fund Climate Fund Managers (CFM) Annycent Capital Incofin Investment Management Climate Finance Access Network (CFAN) The Commonwealth Climate Policy Initiative GIZ Bangladesh Grantham Research Institute on Climate Change & the Environment Enabel Climate Analytics #ClimateFinance #SustainableDevelopment #ClimateAction

Today marks the first World Glaciers Day, a crucial moment to reflect on the state of our planet's glaciers and the profound impacts of climate change. Finance Minister Muhammad Aurangzeb highlighted the severe consequences of climate change on Pakistan's food production and the livelihood of millions. “We need to come up with well-structured projects to access climate financing,” he remarked, assuring that the Ministry of Finance would extend full support in tackling the crisis. Pakistan has faced unprecedented floods caused by record-breaking monsoon rainfall and glacial lake outburst floods (GLOFs). With over 3,000 glacial lakes, 33 of which are highly volatile, the danger to millions is alarming. The government is launching the country's first Glacier Conservation Strategy to protect these vital ecosystems. Continuous glacier retreat leads to extreme events and evolving disaster risks for downstream populations. Glaciers are crucial for regulating the global climate and providing freshwater for billions of people. #CoalitionFinanceMinistersClimateAction #WorldGlacierDay #ClimateChange #GlacierConservation #Sustainability #Pakistan

Our Co-Chairs will speak in the upcoming NDC Partnership webinar on "Establishing and Implementing Climate Finance Units: Insights from the Center for Access to Climate Finance". Join the discussion on March 13 from 8-9am CET. Registration link: https://lnkd.in/ez3frZes

🌱🌳 Zambia's recent membership in the Coalition of Finance Ministers for Climate Action marks a significant milestone in the nation's journey towards climate resilience. 🌎🌍 By aligning fiscal policies with climate goals, Zambia is poised to attract green investments and drive sustainable economic growth. This collaboration will be vital in addressing the challenges of climate change and building a more prosperous future. 🌅🪻 #ClimateFinance #Zambia #FinanceMinistersforClimate #ClimateAction

How are the financial institutions worldwide aligned with global sustainability goals? The World Benchmarking alliance invites 400 of the world’s most influential financial institutions including banks, asset owners, asset managers, and insurance companies to provide a comprehensive review of the sector on key sustainability topics across the financing chain on March 27th.

Yogyakarta's warmth and hospitality made last week's Annual Deputies Meeting of the CFMCA truly unforgettable. 💖 The diverse perspectives of 100+ participants enriched our discussions and strengthened our collaborative spirit, specifically focusing on: •      Strengthening knowledge sharing between members and peer-to-peer learning. •      Finalizing the Strategic Work Program and workstream plans for 2025-2026. •      Enhancing partnerships between member countries and partners. •      Capacity building through training sessions. Deep gratitude to our Indonesia team for their dedication and for sharing the vibrant culture of their country. Terima kasih! 🙏 #ClimateFinance #ClimateAction #FinanceMinistersForClimate #CFMCA

The Annual Deputies and Partners Meeting 2025 of the Coalition of Finance Ministers for Climate Action is officially underway in Yogyakarta! 🌍💼 With over 100 participants, this in-person gathering is a key moment to set priorities for 2025 and beyond—finalizing the Strategic Work Program 2025-2026, strengthening partnerships, and engaging in valuable training sessions led by our partners. This year also marks an important milestone as we recognize Indonesia’s contributions as outgoing Co-Chair. Looking forward to insightful discussions and concrete next steps. #ClimateFinance #ClimateAction #CFMCA

The Coalition for Capacity on Climate Action (C3A) has a new series on climate science, economics, and policy, offering fresh insights and sparking important discussions on the evolving role of Ministries of Finance in addressing climate change. We invite you to connect to the second episode next Wednesday, February 19th, featuring Laurence Tubiana. She will reflect on the Paris Agreement 10 years later and explore the ongoing challenges. You can find more information here: https://lnkd.in/gwrbqp86

Climate action starts with finance Did you know the Asia-Pacific region contributes over half of global greenhouse gas emissions while also being the most vulnerable to climate change impacts?  A key to addressing this lies in scaling climate finance! This new 5-hour e-learning course, developed by UNITAR and UNDP's Asia-Pacific Climate Finance Network, empowers professionals like you to drive change by mobilizing finance for climate mitigation and adaptation. Explore the course "Scaling Climate Finance" https://lnkd.in/egA65ieX 💡What makes this course unique? Interactive learning: Case studies, real-world examples, and engaging exercises Diverse audience: Developed for a diverse audience, from policymakers to private sector stakeholders Actionable insights: Learn and apply tools to address climate finance challenges in your country, including by completing a fictional scenario UN CC:Learn UNDP in Asia and the Pacific UNDP @unitarhq

⁉️ What’s Next for Climate Action in 2025? ✳️ The Climate Action Statement 2024 provides a clear roadmap for the year ahead. As we step into 2025, our members are set to implement strategic actions that will drive progress in addressing climate change. ❇️ Finance ministries from 90+ countries are enhancing their focus on policy coordination and economic strategies that align with climate objectives. With new Nationally Determined Contributions (NDCs) due this year, finance ministries are taking on a pivotal role in shaping and refining national climate plans. 🌍 🤝 The strength of our Coalition lies in its diversity, with each country contributing unique approaches and insights. This collective effort accelerates our shared mission to address the climate crisis. 2025 is the year for impactful action. ⏩ Explore the full Climate Action Statements here: https://lnkd.in/eiSFzVXh #ClimateAction #FinanceMinistersforClimate #NDCs