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Following the Eleventh Technical Expert Dialogue (TED 11) and the Third Meeting of the Ad Hoc Working Program (MAHWP 3) of the New Collective Quantified Goal on Climate Finance (NCQG) in Baku, Azerbaijan, from the 09th to the 12th of September —the final TED and MAWPH— Ministers will meet twice to continue discussions with the aim of delivering a draft negotiating text for the NCQG ahead of COP 29 in response to the the updated input paper developed by the Co-Chairs of the MAHWP. 

The first meeting will be an informal dialogue in the margins of the United Nations General Assembly (UNGA) on the 27th of September, in New York, USA. Taking advantage of the presents on ministers at UNGA, this informal meeting will try to advance discussions on the the many outstanding issues not resolved at the last TED and MAHWG including divergence on the need for a definition of climate finance, the contributor base,  goal formation, and the lack of any meaningful input on the quantum from developed countires. 

The second meeting is the formal High-Level Ministerial Dialogue on the NCQG, which will take place on the 09th of October in Baku, Azerbaijan, where discussions will continue to advance the draft text (It is also likely that they will continue at the Pre COP on the 10-11 October, in Baku). 

In light of the huge amount of work still yet to be done to deliver a NCQG that can deliver climate justice —one that includes a Loss and Damage Sub goal with a quantum of $US 724.43 billion / year— strong political guidance is needed from Ministers . 

The following brief highlights the key area where Ministers must deliver political guidance to advance a NCQG that aligns with the real needs of developing countries, with a particular emphasis on providing finance that is both accessible and adequate to meet the scale needed to address the climate crisis.

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