Ministries of Finance and Nationally Determined Contributions: Raising Ambition and Accelerating Climate Action

Finance Ministries have an essential role to play in implementing the policy changes that are needed to transition to a more sustainable, low-carbon, and climate-resilient world. The more they come to understand the economic impacts of climate change, the more they can leverage opportunities, such as national level investments, to realize substantial benefits from climate-responsible policies. In particular, their participation in the development and implementation of countries’ Nationally Determined Contributions (NDCs) can be key. Hence, the commitment of the Coalition of Finance Ministers (the Coalition), as part of Helsinki Principle 6 (HP6) to “Engage actively in the domestic preparation and implementation of” NDCs submitted under the Paris Agreement.