→ The Coalition of Finance Ministers for Climate Action
The Role of Ministries of Finance in Driving Climate Action
A Guide to Economic Transformation and Resilience
Explore the Guide your way—discover the Framework, browse content by theme or audience, or dive straight into the case studies.
Getting Started
A short welcome from the Coalition Co-chairs
Welcome to the 2026/2027 edition of the Coalition of Finance Ministers for Climate Action’s The Role of Ministries of Finance in Driving Climate Action: A Guide to Economic Transformation and Resilience.
Consultation
Take part in the consultation to shape the Guide!
Help shape the Coalition of Finance Ministers for Climate Action’s updated flagship Guide. Explore the consultation draft and share your feedback and country experiences to help make it useful across different country contexts.
An overview of topics now live for consultation
Function 1a(i-iv). Participating in the development and implementation of climate and related strategies
Function 2a(iii). Combining instruments into coherent policy packages
Function 2c. Using public financial management and the budget to drive transformation
Function 3c(i). Using financial sector policy to mobilize private capital for the transition
Function 3c(ii). Using blended finance and risk-sharing instruments
Function 3d. Providing disaster risk finance and insurance for all
Capability 2a. Coordinating climate action across government
Framework
The Ministry of Finance Framework for Climate Action
This Framework is the practical core of the Guide. It brings together the core Functions of Ministries of Finance and the Capabilities that support them. It shows how climate action can be embedded across economic strategy, fiscal policy, and finance, supported by leadership, coordination, and human and analytical capacity.
Core Functions
Reforming economic strategy through shaping national development and climate plans
Shaping national development and climate plans, including investment strategies.
Fiscal policy
Reforming tax, pricing, and budget instruments to transform the economy.
Financing the transition
Reforming financial policy and the financial system to raise, blend, and steer finance at speed and scale.
Core Capabilities
Leadership capability
Strengthening governance, mandates, institutional set-up, and senior leadership.
Coordination capability
Enhancing coordination and collaboration for whole-of-government and economy-wide climate action.
Human and analytical capability
Building staffing, expertise, and enhanced economic decision-making tools.
Adaptation and resilience
Managing climate risks to public finances and the economy while financing adaptation and resilience.
Energy transition and mitigation
Supporting emissions reductions and the energy transition through economic strategy, fiscal policy, and finance.
Just transition
Addressing the effects of the transition on jobs, livelihoods, and households through fiscal policy and public investment.
Nature and biodiversity
Recognizing the value of natural capital in economic and fiscal decisions and financing its protection and restoration.
Themes
