Contribute to understanding and incorporating climate change into the economic and fiscal policy of the region. Achieving this goal requires a more comprehensive and holistic understanding of how climate change affects the areas of intervention and mandate of the ministries of economy and finance.
![A group of people standing on a stage. Climate change - Inter-American Development Bank - IDB](/sites/default/files/styles/landscape_3x2_490000_490x327_100/public/2023-12/Regional-Climate-Change-Platform-1-IDB-Climate-change.jpg?h=e3f96b5f&itok=xy1cPt2m)
The Regional Climate Change Platform of Economy and Finance Ministries aims to strengthen regional dialogue on shared concerns in climate matters and facilitate the exchange of experiences in the development and implementation of climate policies with a fiscal and economic focus.
Additionally, it seeks to build a regional collaboration network that provides the necessary technical support for each country to progress in the implementation of their climate and development objectives according to their own needs and priorities. Established in August 2022 with IDB support, the Platform is comprised of and led by the 26 regional member countries of the Bank, which account for more than 98% of greenhouse gas (GHG) emissions and more than 90% of GDP in Latin America and the Caribbean.
![A hand holding a stylus on a tablet. Fiscal policy - Inter-American Development Bank - IDB](/sites/default/files/styles/landscape_3x2_490000_490x327_100/public/2023-12/Regional-Climate-Change-Platform-4-IDB-Fiscal-policy.jpg?h=199d8c1f&itok=UPw5jzlS)
- Macro-fiscal policies and climate change
- Management of fiscal risks associated with climate events and risks of the energy transition to low-carbon economies
- Macroeconomic projections and modeling.
![A plant growing in the dirt with a growth graph over it. Investment - Inter-American Development Bank - IDB](/sites/default/files/styles/landscape_3x2_490000_490x327_100/public/2023-12/Regional-Climate-Change-Platform-5-IDB-Investment.jpg?h=7f23fc06&itok=8IMc3lIn)
- Budget scoreboards
- Climate, green and sustainable budgets
- Climate-related disaster spending
- Evaluation of policies with climate change components and the Sustainable Development Goals (SDGs).
- Quantification of NDCs, investments in sustainable and resilient infrastructure.
![A stack of coins with leaves growing out of them. Environment and Development - Inter-American Development Bank - IDB](/sites/default/files/styles/landscape_3x2_490000_490x327_100/public/2023-12/Regional-Climate-Change-Platform-6-IDB-Environment-and-Development.jpg?h=c62cee99&itok=j5BKYWWT)
- Understanding the application of different carbon pricing schemes
- Tax management and fossil fuel subsidies
- Tariffs and greenhouse gas emission quotas
![A green forest with a logo. Financing - Inter-American Development Bank - IDB](/sites/default/files/styles/landscape_3x2_490000_490x327_100/public/2023-12/Regional-Climate-Change-Platform-7-IDB-Financing.jpg?h=252f27fa&itok=T2Ldt-O4)
- Specific financial instruments for financing NDCs and their potential updates
- Adaptation and mitigation plans
- Sectoral strategies
- Long Term Strategies
![A graph with numbers on a computer screen. Financial markets - Inter-American Development Bank - IDB](/sites/default/files/styles/landscape_3x2_490000_490x327_100/public/2023-12/Regional-Climate-Change-Platform-8-IDB-Financial-markets.jpg?h=3ac079aa&itok=N52ortzk)
Disclosure of information related to sustainable finance, including:
- Climate and Environmental, Social, and Governance (ESG) factors
- Green and sustainable bonds
- Elaboration of taxonomy for the financial market
The Inter-American Development Bank (IDB) plays a key role in the Platform by providing a Technical Secretariat responsible for facilitating, coordinating, and mobilizing technical support, capacity building, knowledge dissemination, technical assistance, connections, and necessary financing for each ministry to carry out its roadmap in priority areas of interest. The Technical Secretariat work in coordination with the leading country of the Platform and the working groups to support and facilitate the work agendas of participating countries.
Every year, a country assumes the Presidency of the Platform for a period of twelve months. The Technical Secretariat will provide technical support to the leading country in implementing the Work Plan and monitoring its progress. Technical working groups have been established based on the prioritized topics in the work plan for each year to facilitate the development of the corresponding actions.
Current president pro tempore: Ministry of Finance – Chile (since August 2023)
![A person holding a tree. Finance - Inter-American Development Bank - IDB](/sites/default/files/styles/landscape_3x2_490000_490x327_100/public/2023-12/Regional-Climate-Change-Platform-17-IDB-Finance.jpg?h=10d202d3&itok=eLkBxGjt)
Los ministerios de economía y finanzas (MEF) desempeñan un rol en la respuesta de los gobiernos al cambio climático. (Available in Spanish)
![A close up of a plant. Climate change - Inter-American Development Bank - IDB](/sites/default/files/styles/landscape_3x2_490000_490x327_100/public/2023-12/Regional-Climate-Change-Platform-18-IDB-Climate-change.jpg?h=170ba4b8&itok=goE8VsTA)
Getting to net-zero emissions is essential to achieve the goals of the Paris Agreement. A key question is how much carbon pricing can help reduce emissions.
![A person holding a phone. Economic development - Inter-American Development Bank - IDB](/sites/default/files/styles/landscape_3x2_490000_490x327_100/public/2023-12/Regional-Climate-Change-Platform-19-IDB-Economic-development.jpg?h=c4243e31&itok=6G78xzIt)
There is no turning back now, the ministries of economy and finance are at the heart of climate action.
![Ministries of Finance promote green fiscal management through Regional Climate Change Platform](https://www.iadb.org/sites/default/files/styles/video_thumbnail/public/oembed_thumbnails/b3SUQBdtYTpyrYqaQVYDlrVfXlVnJT9s_bWmGCmWYgs.jpg?itok=bdrUagkr)
![Plataforma Regional de Cambio Climático de Ministerios de Hacienda, Finanzas y Economía](https://www.iadb.org/sites/default/files/styles/video_thumbnail/public/oembed_thumbnails/HqzNEXlzwu3LaS2LHxgbtgwdg0Nd2XVdUQXu1EDx5Y4.jpg?itok=zq18Zg9V)
![Financing the Climate Future: Advancing the Paris Agreement Goals through Economic Resilience](https://www.iadb.org/sites/default/files/styles/video_thumbnail/public/oembed_thumbnails/66M6HIeZJUcNEWrqL95pLdstB6Dc_jWQunRK0OrUIE4.jpg?itok=LLWSQaM2)
- The Platform receives funding from the International Climate Initiative (IKI) of the German Federal Ministry of Economic Affairs and Climate Action.
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