The NDC Partnership and Coalition of Finance Ministers Announce Strategic Cooperation to Step Up Climate Ambition
The NDC Partnership and the Coalition of Finance Ministers for Climate Action join forces to support Ministries of Finance in leading ambitious climate action.
4 December 2023, Dubai, United Arab Emirates - The emerging results of the first Global Stocktake and the escalating socioeconomic impacts of climate-related events across the globe call for an urgent transformation of our economies and the mobilization of climate finance at speed and scale. Such transformative change requires increased leadership across the whole of government, as recognized in the first report on the technical dialogue of the Global Stocktake.
As countries look to advance the next round of Nationally Determined Contributions (NDCs) expected in 2025, countries must engage the whole of government in mobilizing a coordinated response to achieve the goals of the Paris Agreement and advance a low-carbon and climate-resilient development agenda.
“The leadership of Ministries of Finance is critical to mainstream climate into economic and development strategies and create the enabling environments for implementation and increased ambition, bringing a long-term view that goes beyond the 2025 NDCs and informing Long-term Low Emissions Development Strategies (LT-LEDS),” says Sigirid Kaag, Minister of Finance of the Netherlands and Co-Chair of the Coalition.
“Bringing together a diverse range of countries, the Coalition and Partnership can play a critical role in providing a reliable assessment of climate finance needs, ambition and flows to support NDCs and LT-LEDS, and just transition, not just rhetoric, but real Paris-aligned financing pathways with common, but differentiated responsibilities,” says Sri Mulyani Indrawati, Minister of Finance of Indonesia and Co-Chair of the Coalition.
Finance Ministers are central to setting and implementing the climate agenda and are uniquely positioned to:
- Set ambition and align NDCs and LT-LEDS with development strategies and economic growth and fiscal projections;
- Unpack the socioeconomic impacts of climate change and assess pathways for just transition;
- Inform mid-century decarbonization pathways;
- Integrate climate considerations into economic and fiscal policies;
- Ensure the prioritization of climate actions within the country's budget allocation process;
- Improve the enabling environments to mobilize finance from public and private sources; and
- Assess the efficiency of climate-related expenditures and inform climate policy decision-making.
Building on existing collaboration, the Partnership and the Coalition of Finance Ministers for Climate Action will offer targeted resources and expertise for Ministries of Finance to actively engage in the development of NDCs and LT-LEDS. To provide this support, the Partnership will leverage its Thematic Call on NDCs and LT-LEDS Alignment, Update and Enhancement, a targeted initiative to assist countries in designing ambitious NDCs and LT-LEDS implemented in alliance with the 2050 Pathways Platform, United Nations Development Progamme and other Institutional Members of the Partnership.
“The NDC Partnership is committed to advancing the role of Ministries of Finance in developing 2025 NDCs and aligning climate and development agendas for effective implementation of climate commitments,” says NDC Partnership Global Director Pablo Vieira. “This collaboration with the Coalition will increase the capacity of Ministries of Finance to drive transformational climate action.”
“Strong engagement by Ministries of Finance, and the collaboration between the NDC Partnership and the Coalition is instrumental in the formulation and execution of ambitious, yet implementable NDCs and LT-LTEDS and in driving sustainable development,” Dr. Jeanne d'Arc Mujawamariya, Minister of Environment of the Republic of Rwanda.
For Media Inquiries:
Caity Pinkard, Communications Manager, Outreach & Governance, NDC Partnership Support Unit: caitlin.pinkard@ndcpartnership.org
About the NDC Partnership
The NDC Partnership is a global coalition, bringing together more than 200 members, including more than 120 countries, developed and developing, and nearly 100 institutions to deliver on ambitious climate action that helps achieve the Paris Agreement and drive sustainable development. Governments identify their NDC implementation priorities and the type of support that is needed to translate them into actionable policies and programs. Based on these requests, the membership offers a tailored package of expertise, technical assistance, and funding. This collaborative response provides developing countries with efficient access to a wide range of resources to adapt to and mitigate climate change and foster more equitable and sustainable development.