Venue: African Development Bank Headquarters, Abidjan, Côte d'Ivoire The Ministry of Finance, Cote D'Ivoire and the World Bank will host the Fourth Sherpa Meeting of the Coalition of Finance Ministers for Climate Action on February 24-26 in Abidjan, Cote D'Ivoire.
Present for the first time at a COP, Finance Ministers launch plan of action
The Coalition of Finance Ministers for Climate Action met for its third sherpa meeting on November 18-19, at the European Bank for Reconstruction and Development headquarters in London, United Kingdom.
The Coalition of Finance Ministers for Climate Action hosted its second Minister-level meeting on October 19, 2019, at the Annual Meetings of the World Bank Group and International Monetary Fund in Washington DC. Fifty countries have now endorsed a set of six principles, known as the Helsinki Principles, and have joined the Coalition. This includes twenty four new members that have joined since the Coalition's launch in April 2019.
Carbon taxes are one of the most effective carbon pricing instruments to address carbon emissions. For finance ministries, they serve as an administratively easy and self-sustainable resource for mobilizing domestic revenues whilst ensuring compliance with climate change commitments.