The Nationally Determined Contributions (NDCs) are country-level commitments to reach the long-term goal of keeping the increase in global average temperatures to well below 2 degrees Celsius, and to support climate resilient development. The World Bank Group (WBG), working with the Moroccan COP22 Presidency, proposed the creation of CAPE in November 2016 at the climate summit in Marrakesh. While CAPE membership targets finance ministry staff, officials from budget agencies and revenue authorities are strongly encouraged to participate.
The proposal for a forum where finance ministries can discuss climate change issues was initiated under the Moroccan COP22 Presidency. CAPE was created at the November 2016 climate summit in Marrakesh, and the following year the inaugural CAPE Partnership Meeting took place in Washington D.C. during the 2017 WB-IMF Spring Meetings.
CAPE now exists as a WBG programmatic technical assistance activity, with a Secretariat jointly led by the Climate Change Group (CCG) and Macroeconomics Trade & Investment (MTI). CAPE's mission is to facilitate dialogue with finance ministries about leveraging fiscal policy for realizing NDC commitments. It is a contribution of the WBG to the NDC Partnership.
CAPE activities are designed for finance ministry staffs, as well as officials from budget agencies and revenue authorities. They include but not limited to:
- Making available an online platform where users can access information, and virtual communication systems to connect participants with each other and with technical experts.
- Technical workshops and country-focused capacity development programs/exercises to support national governments in developing fiscal policy instruments to implement the NDCs.
- A forum for peer-to-peer knowledge-sharing and for discussing common challenges and best practices for developing NDC-aligned climate and fiscal policies.