All eyes on Baku and the climate finance goal
The New Collective Quantified Goal (NCQG) will be a key determinant of COP29 (also touted as a ‘finance COP’) turning out to be successful. The foundation of climate finance actions is unequivocally centred on addressing the “needs and priorities of developing countries”, as mandated in Article 9 of the Paris Agreement. NCQG, and set to be finalised at COP29, will shape the future of climate finance. COP29 is being held in Baku, Azerbaijan, from November 11 to 22, 2024.
Unresolved battles
In the debate over the NCQG, countries with diverse interests are taking sharply differing positions, as highlighted in the recent high-level ministerial dialogue on NCQG ahead of COP29.… Seguir leyendo »