A meeting of delegates working to set the outline of a new global climate finance goal ahead of the U.N. climate conference made little progress last week. The amount of money to be mobilized and the groups responsible for doing that remain the main points of contention.
Country delegations met from Sept. 9 to 12 in Baku, Azerbaijan, to try to make advance on the technical details that will define the next New Collective Quantified Goal on Climate Finance, or NCQG, to achieve the ambitious outcome expected from COP 29. Following a three-year process, this was the last technical expert meeting ahead of the conference.
“Billions of people are counting on us to deliver climate finance at a scale that is adequate to the urgency and scale of the problem. We will spare no effort to deliver a fair and ambitious new goal in Baku at COP 29, and the Parties cannot afford to either,” COP 29 President-Designate Mukhtar Babayev said in a statement after the conclusion of the meeting.
About the author
Tais Gadea Lara
Tais Gadea Lara is a climate journalist from Argentina. She has been covering the climate negotiations and international politics since 2014. She is currently a climate explorer at the Constructive Institute. She is the author of the newsletter Planeta and collaborates in different media, such as the National Geographic, Climática La Marea, and Climate Tracker. In 2020, she created the Environmental Journalism Workshop to train more people in the communication of the climate and ecological crisis. For several years, she has been recognized as one of the 100 Latinos most committed to climate action.
