Ministries of Finance play a critical role in turning green and resilient transitions into reality. To respond effectively, they require robust economic analysis, credible evidence, and timely information.

This website showcases concrete examples, practical guidance, and tools from the Coalition of Finance Ministers for Climate Action’s Helsinki Principle 4 initiative ‘Economic Analysis for Green and Resilient Transitions’ and a broader community of researchers, analysts, and practitioners.

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UNLOCKING PATHWAYS TO RESILIENCE

Compendium of Practice

At the heart of the Coalition of Finance Ministers for Climate Action’s Helsinki Principle 4 initiative ‘Economic Analysis for Green and Resilient Transitions’ is the Compendium of Practice—a global, collaborative resource developed by the institutions contributing to the initiative. The Compendium brings together over 130 practical contributions from 70-plus institutions, showcasing how Ministries of Finance and their partners are tackling key climate policy challenges through applied tools, modeling approaches, and capacity-building strategies.

LATEST PUBLICATIONS

A Global Survey of Ministries of Finance
Economic analysis and modeling tools to assist ministries of finance in driving green and resilient transitions
How Ministries of Finance can assess the fiscal challenges and opportunities from green and resilient transitions
How Ministries of Finance can assess and manage physical climate risks and adaptation
FEATURED RESOURCES
contribution
Integrating physical climate risks into public debt sustainability in the EU Member States
To ensure sound and sustainable public finances, it is essential to provide an order of magnitude of the potential macrofiscal impacts of climate change, while also accounting for their expected timing, persistence, and uncertainty.
European Union - European Commission
contribution
Methodological recommendations for Ministries of Finance on climate change risk assessment and the enhancement of damage functions
Economic damage functions represent the impacts of climate change on the economy at different levels of global warming.
University of East Anglia
contribution
Analytical tools used by Ecuador’s Ministry of Finance to understand impacts of physical climate risk on the Ecuadorian economy
Ecuador’s Ministry of Economy and Finance has integrated environmental variables (in particular, precipitation in the context of the El Niño phenomenon) into its macroeconomic forecasting.
Ecuador – Ministry of Economy and Finance
contribution
Stronger analytics for better financial resilience against climate shocks and disasters
The World Bank’s Crisis and Disaster Risk Finance global team has developed a framework and suite of analytical tools and models on climate and disaster risk finance to aid Ministries of Finance and other public sector entities in the design of cost-effective financial strategies against climate shocks and disasters.
World Bank – Finance, Competitiveness & Innovation Global Practice (FCI GP)
contribution
Support for sovereign climate and disaster risk functions: the Global Risk Modelling Alliance
The Global Risk Modelling Alliance (GRMA) was founded at COP26 in 2021 by the V20 Group of Ministries of Finance and the Insurance Development Forum to help MoFs draw on the (re)insurance sector’s experience of quantifying risk at the portfolio level to price in risk arising from catastrophes and a changing climate.
Insurance Development Forum
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