Untangling the finance goal: An introduction to the new collective quantified goal

Abstract

This paper aims to provide an overview of the current new collective quantified goal (NCQG) discussions that will pave the way towards its adoption at COP29. The goal will address developing countries' needs and priorities, securing financial flows to enable countries' climate ambition. Success will depend on understanding the main elements embedded in the finance goal. This paper unpacks these elements and gives an overview of options available to negotiators.