This year’s convening will focus on the question of policy complementarities in the ecological transition, addressing the dynamic interplay between green innovation policies, debt and fiscal dynamics, adaptation, nature conservation strategies, and financing trajectories for a decarbonized and resilient development. The prevailing discourse on climate change mitigation often emphasizes carbon pricing as a key instrument, yet empirical evidence highlights the necessity of non-pricing interventions. This conference aims to reconcile theoretical and practical dimensions by scrutinizing the efficacy of policy portfolios that integrate carbon pricing with supplementary instruments, such as green innovation policies, adaptation strategies, and nature conservation efforts. An objective is to support Ministries of Finance’ efforts in formulating efficient and effective policies to achieve targeted environmental and social outcomes. Given Latin America's diverse economies and varying industrialization levels, our discussions will underscore the importance of a synergistic mix of sector-specific measures to surpass the efficacy of singular policy instruments.

Additionally, this convening will emphasize the significance of regional collaboration and leadership in advancing global decarbonization and resilience initiatives. The integration of ambitious policies in major economies of the region is crucial, as these can create substantial synergies and innovation spillovers, encouraging other governments to pursue decarbonization and resilience building reforms. In this sense, the dialogue will also explore the complementarities between adaptation finance and nature protection policies, which can enhance resilience to climate impacts while conserving biodiversity. By disseminating insights and best practices, we aim to foster a collaborative environment between Ministries of Finance in the region, that accelerates the transition to a low-carbon and resilient development pathway in Latin America and beyond.

This year, the format will be designed as a mix of working group exchanges and keynote sessions to foster a maximal amount of peer exchange and provide insights from leading scientists and policymakers.