The negotiations on the New Collective Quantified Goal (NCQG) on climate finance consider many important procedural and substantive issues that are relevant to the UNFCCC process. Ahead of COP 30, LRI prepared an explainer to brief negotiators on the key developments and sticking points from COP 29.
This explainer elaborates on the contentious adoption process, the substantive criticisms of the USD 1.3 trillion target, and the ongoing challenges in defining the future home for climate finance discussions.