The United Nations Climate Change Conference in Baku, Azerbaijan, this November has been dubbed the “climate finance COP.” Now that wealthier countries have hit the $100 billion annual target in proving climate assistance — albeit belatedly and with some clever accounting — the focus shifts to what’s called the new collective quantified goal, or NCQG, which must be defined at COP 29.
Alok Sharma was the president of COP 26 when the original $100 billion goal was still in the works, and he spoke about the prospects of a new goal at Devex’s Climate + Finance event in London on Tuesday.
“I'm very much a glass-half-full person on this. Of course, it's tough. If it was easy, we would have solved this. But I think if you have a willingness to work together, and there is a sort of a proper spirit of collaboration, I think we can get there,” said Sharma, who is a climate and finance fellow at The Rockefeller Foundation.
About the author
Anna Gawel
Anna Gawel is the Managing Editor of Devex. She previously worked as the managing editor of The Washington Diplomat, the flagship publication of D.C.’s diplomatic community. She’s had hundreds of articles published on world affairs, U.S. foreign policy, politics, security, trade, travel and the arts on topics ranging from the impact of State Department budget cuts to Caribbean efforts to fight climate change. She was also a broadcast producer and digital editor at WTOP News and host of the Global 360 podcast. She holds a journalism degree from the University of Maryland in College Park.
