A main focus at the upcoming COP29 summit in Baku is expected to be a new, globally agreed climate finance goal, known as the New Collective Quantified Goal (NCQG). This goal aims to provide the necessary funds to help developing countries adapt to climate impacts and transition to low-carbon economies.
Join us for a presentation of UN Trade and Development's forthcoming report on the NCQG where we will explore questions such as:
- How much climate finance will developing countries need to meet their climate goals?
- How can this new goal address existing shortcomings in the current climate finance system?
The new report emphasizes that for this new goal to truly make a difference, it must go beyond simply setting a high funding target. Instead, it should also focus on ensuring that funds are allocated in ways that address the unique needs of developing countries, enabling them to build climate-resilient economies capable of enduring and thriving in the face of climate change.
The report will be released and linked on this page on Monday 4 November ahead of the event.
