Six recommendations to ensure the new global climate finance goal is effective
We sent six recommendations to the UNFCCC so that the new post-2025 climate finance goal (NQCG) effectively helps deliver on the Paris Agreement.
For the first time in more than a decade we have a chance to do something about the massive shortfall in finance provided to developing countries to help tackle the impacts of climate change. The latest figures show that the current shortfall amounts to more than US$380 billion.
Scroll through the slides below to read the six recommendations we sent to the UNFCCC so that the new climate finance goal (known as the New Collective Quantified Goal on climate finance) becomes an effective tool to ensure that the new climate finance goal delivers on the Paris Agreement and does not derail sustainable development in poorer countries.
Rich countries bear the responsibility for climate change, which disproportionately affects the global south. Yet the global climate financing gap shows that urgent action on climate finance is needed.
As leaders start the process to agree on a post-2025 climate finance goal, it’s vital that this leads to equitable, high-quality climate finance for developing countries in the global south.