Publications

THE NEW COLLECTIVE QUANTIFIED GOAL ON CLIMATE FINANCE AND ITS ACCESS FEATURES: OPERATIONALISING 'ENHANCED ACCESS' TO CLIMATE FINANCE

By MICHAI ROBERTSON
09 / 09 / 2024
Villagers walking on the road in Sathkhira, Bangladesh on January 5, 2021. Millions of people are affected by the climate crisis in the coastal belts of Bangladesh. Image credit: Rehman Asad, via Shutterstock

This paper discusses the upcoming agreement on a new collective quantified goal on climate finance (NCQG) at COP 29, which aims to replace the current US$100 billion annual goal under the United Nations Framework Convention on Climate Change (UNFCCC). The paper further concentrates on the importance of access features, which determine who receives climate finance, how, and when. It underscores the necessity of tackling obstacles in climate finance access and suggests concrete steps to improve access within the NCQG. It goes on to discuss the importance of access to climate finance, the challenges faced by both providers and recipients, and recommendations for designing the NCQG to improve access and monitor the efforts of relevant actors.

Read the full paper here: