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'The role of Ministries of Finance in the green transition’ - opening remarks by the Eurogroup President, Paschal Donohoe, at the Coalition for Capacity on Climate Action (C3A) Symposium

· Paschal Donohoe, President of the Eurogroup (Euro area (EU))

Summary written by Dark Majestic in its own words · topics: climate, energy and nature, public finances and debt

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· Paschal Donohoe Wiki · Eurogroup Wiki'The role of Ministries of Finance in the green transition’ - opening remarks by the Eurogroup President, Paschal Donohoe, at the Coalition for Capacity on Climate Action (C3A) Symposium

ContextOpening remarks at the Coalition for Capacity on Climate Action symposium; the Eurogroup coordinates euro area policies and its members must plan public spending for the green transition.

Why it mattersThe Eurogroup president argues that finance ministries need new analytical tools for climate policy.

Problems raised
  1. Climate change is a market failure needing collective action.
  2. Finance ministries lack tools to assess the transition.
  3. The path after COP30 is unclear.
Solutions proposed
  1. Cooperate internationally on climate policy.
  2. Renew analytical frameworks for fiscal climate policy.
  3. Build capacity inside finance ministries.
Read full speech on consilium.europa.eu ↗

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