Latin America: Advancing Regional Readiness for COP30

In Latin America and Caribbean, C3A hosted in partnership with ECLAC its first high-level regional conference in Brasília in June 2024. With the participation of 15 countries, the event brought together Ministries of Finance, Central Banks, and Development Banks to discuss key structural constraints in the region, from constrained fiscal space to costs of climate shocks and damage, and the policy tools needed to overcome them.
Through a collaboration with the Brazilian Ministry of Finance and the Instituto de Pesquisa Economica Aplicad, C3A works on assessing the impacts of the Ecological Transformation Plan, the landmark green development policy of Brazil.
In collaboration with policymakers and academic institutions, C3A also supported technical training and bilateral dialogue, responding to increasing demand from countries like Colombia, Mexico, and Central American countries to strengthen their capacity.

Central Asia: From high-level dialogue to Scenario Building

C3A’s engagement in Central Asia accelerated in 2024, with its strategic regional partner CAREC and a growing technical agenda. At the Central Asia Climate Change Conference (CACCC) in Almaty, C3A hosted a dedicated session on green innovation and fiscal policy. Ministries of Finance from Kazakhstan, Uzbekistan, and Kyrgyzstan explored tools to assess policy trade-offs in the context of growing energy demands and regional cooperation.
In February 2025, a one-week course co-organized with the Joint Vienna Institute brought together 32 participants for in-depth learning on the International Dimensions of Green Development including topics such as green technological change, green industrial policy, carbon pricing, CBAM, green jobs and diversification strategies. 
C3A’s momentum in the region continued in 2025. At the 2025 CACCC, C3A co-organized a session on cutting-edge financial mechanisms for climate action and hosted a dedicated side event on regional scenario building. The session demonstrated how forward-looking climate scenarios can inform both policy formulation and investment strategies, helping governments align long-term development goals with climate ambition. 

Africa: Expanding the Fiscal and Debt Agenda

In July 2024, C3A contributed to the Sustainable Horizons conference co-hosted by the Ugandan Ministry of Finance and the Coalition of Finance Ministers for Climate Action (CFCMA). Twenty African MoFs participated in sessions on sustainable budgeting, green industrial policy, and the creation of internal climate units. A spotlight was placed on critical minerals, both their economic potential and associated risks. C3A’s early analytical work in this area, including a forthcoming policy paper, is helping countries explore trade-offs related to extraction, ownership, and global supply chains.
Building on this momentum, C3A participated in the Eleventh Session of the Africa Regional Forum on Sustainable Development (ARFSD) in Kampala in April 2025, jointly with its strategic regional partner UNECA, contributing to the side event “Future of Work in Africa Amidst Climate Change Developments.” The session explored how climate-related investments, such as green technologies and skills development, can drive sustainable economic growth while minimizing the risks of job displacement. It also served to highlight best practices and actionable policy recommendations for ensuring that Africa’s labor markets remain competitive and inclusive as climate impacts intensify.

Nature and Fiscal Transitions: Emerging Tools and Insights

Throughout 2024, C3A played a central role in helping Ministries of Finance navigate the economic implications of biodiversity loss. Key moments included a high-level session at COP16 in Cali, where C3A co-hosted an event on aligning the financial system with the Global Biodiversity Framework (GBF), and the presentation of new research at international forums.
This workstream on Nature also includes biodiversity finance challenges, based on a shift from a “finance gap” framing to one that integrates structural economic change, and the development of analytical tools to comprehensively assess countries’ exposure to the shift in protecting areas’ policies to reach the 30*30 target.

A Growing Demand for Training

Across all regions, demand for technical capacity-building continued to grow. In Tegucigalpa, C3A contributed to a regional training workshop co-organized with COSEFIN and ECLAC. The event introduced Ministries of Finance from across Central America to climate-related financial risk analysis and policy scenario planning. Participants engaged in practical sessions using regional tools, reinforcing the importance of local capacity to assess long-term climate and fiscal impacts.
Building on this momentum, a multi-phase regional training program is being developed for 2025, designed to provide a blended approach with both in-person and virtual sessions.

Elevating Country Voices in the Global Climate Policy Conversation

Beyond country-level engagement, C3A also helped shape the global conversation on the interactions of climate and nature with economic and financial issues. The launch of the C3A-Prosperity & Climate Talks series brought leading voices into the dialogue, including Mark Carney and Laurence Tubiana, highlighting the political economy and macroeconomic dimensions of the transition. Contributions from C3A’s distinguished Scientific Committee further strengthened the intellectual foundations of the program through a series of expert meetings. The First Annual C3A Symposium held in December 2024 in Paris, served as a pivotal moment to connect these strands, linking country experiences, technical tools, and high-level thought leadership into a shared space for reflection and peer learning with the contribution of influential voices such as Paschal Donohoe, Laura Carvalho and Martin Wolf.

Looking Forward

C3A’s regional and thematic workstreams, spanning innovation, debt sustainability, and nature, have become trusted platforms for technical exchange and partnership. Whether through peer exchange, development of analytical tools or sharing policy insights, the past year has shown the value of sustained engagement with Ministries of Finance navigating the complexities of the climate transition.
While the broader institutional context continues to evolve, C3A’s 2025 year track record reflects a strong and diverse demand for collaboration, one rooted in policy challenges and grounded in country leadership.