Economic Analysis and Modeling Tools to Assist Ministries of Finance in Driving Green and Resilient Transitions: Summary Report from a Global Compendium of Practice
This report summarises a global repository of contributions from the Compendium of Practice, which draws on the knowledge and experience of a growing community of Ministries of Finance (MoFs) and supporting partners that are making significant strides toward mainstreaming climate change in macroeconomic analysis and modelling tools, and that are using these tools to drive climate action.
Topics explored in the report include:
- MoFs’ experiences in building analytical capacity and deploying analytical tools to help answer the specific climate policy questions they face.
- The shortcomings of existing tools for capturing both physical climate risk and the economic impacts of climate policies.
- The development and implementation of new datasets and models.
- The emerging ecosystem of support available to MoFs for building analytical capacity.
This report is a product of the Helsinki Principle 4 (HP4) workstream of the Coalition of Finance Ministers for Climate Action (CFMCA), led by Denmark’s Ministry of Finance with support from the Grantham Research Institute.