Unpacking the USD 300 billion goal and the USD 1.3 trillion scale up call in the NCQG
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At the UNFCCC COP29 in 2024, Parties agreed on a New Collective Quantified Goal (NCQG) on climate finance to accelerate implementation of the Paris Agreement. The decision establishes two interlinked quantitative elements for supporting climate action in developing countries: a call for all actors to scale up financing to at least USD 1.3 trillion...
