The coalition meeting brings together the world’s two largest emitters of greenhouse gases: the United States and China.

Matti Vanhanen, the minister of finance, is set to discuss climate policies in a virtual meeting with his counterparts from more than 60 countries. Archive photograph: Tony Öhberg/Finland Today

Finance ministers from around the world will gather on Tuesday to discuss climate and economic policies.

The spring meeting of the coalition, called Finance Ministers for Climate Action, is co-chaired by Finland’s Minister of Finance Matti Vanhanen (the Centre) and his counterparts Rodrigo Cerda from Chile and Sri Mulyani Indrawati from Indonesia.

Finance ministers from more than 60 countries will take part in the meeting. The United States, Japan, China, India and South Korea have been invited to participate.

The coalition meeting brings together the world’s two largest emitters of greenhouse gases: the United States and China.

In dialogue with stakeholders, the finance ministers will discuss climate and economic policy priorities and the work of the coalition. The topics for discussion include:

  •     Post-pandemic economic recovery, economic growth and the transition to a carbon-neutral economy.
  •     The role of finance ministers and central banks in managing climate risks.
  •     Promotion of a carbon-neutral economy (discussion with the World Wide Fund for Nature (WWF), the Institute of International Finance and the International Chamber of Commerce).

This meeting will mark the end of the Chilean co-presidency, as the country will be succeeded by Indonesia. Finland will continue as chair.

The meeting invitees include Janet Yellen, the U.S. secretary of the treasury, and Liu Kun, China’s minister of finance.

The coalition of Finance Ministers for Climate Action aims to bring climate change into the planning of economic policy and financing solutions in accordance with what are known as the Helsinki Principles. The coalition was launched in Washington D.C. in April 2019 on Finland’s initiative.

The coalition meeting will be held virtually in connection with the Spring Meetings of the World Bank Group and the International Monetary Fund, which are scheduled for April 5–11.