By Elizabeth Tan, Laetitia Pettinotti
https://odi.org/en/publications/informing-the-new-collective-quantified-...
COP29 in Baku, Azerbaijan will see the new Collective Quantified Goal on Climate Finance (NCQG) finally agreed. Among the many elements still to be confirmed is the goal's total figure, or 'quantum'. Given the scale of resources required, there is an acute need for a narrative that links developing country needs, the quantum and sources of finance.
With a floor of $100 billion per year, the new climate finance goal is to ‘take into account’ developing countries’ ‘needs and priorities’. But despite this, no report has been mandated under the NCQG deliberations to define what developing country needs actually are. In discussions, negotiators and civil society make use of cost estimates from a set of reports often calculated with different contexts and objectives in mind, rather than the NCQG.
This report unpacks the methodologies behind the costed needs, investment and financing estimates appearing in discussions at Technical Expert Discussions (TEDs), statements at the meetings of the ad hoc work programme, high-level ministerial dialogues, in written submissions to the NCQG process. This report does not seek to suggest a quantum for the NCQG, but rather to support the building of a shared understanding among negotiators and interested parties of the estimates being provided and cited.
