09 December 2019: This week in Madrid, 51 finance ministries restated their committment to fighting climate change together through the Coalition of Finance Ministers for Climate Action. The Coalition looks to make further progress on its objectives, which include helping countries mobilize and align the finance needed to implement their national climate action plans; establishing best practices such as climate budgeting, green investment and procurement.

Leo Martinez-Diaz, Global Director of the Finance Center at the WRI, said that this was an important announcement that showed finance ministers are waking up to the fact that “Climate change will touch everything [they] care about: economic growth and productivity, financial stability, fiscal health, and social equity.

This statement was first published on the WRI’s website, accessible here.