New Collective Quantified Goal on Climate Finance

Background

Decisions concerning setting a new collective quantified goal on climate finance (NCQG) include, inter alia, decisions 1/CP.21, para. 5314/CMA.19/CMA.35/CMA.48/CMA.5 and 1/CMA.6(link is external)

 

Parties set up an ad hoc work programme from 2022 to 2024, to be facilitated by two co-chairs, one from a developed country and one from a developing country. The co-chairs will be appointed by the CMA President for a duration of one year in consultation with the respective constituencies. 

Activities under the work programme include the following:

1. Workplans

The CMA requested the co-chairs of the ad hoc work programme to develop a workplan in 2023 and 2024, taking into account submissions from Parties and non-Party stakeholders. The workplans are available at:

 

2. Technical expert dialogues

The CMA decided to conduct four technical expert dialogues per year as part of the ad hoc work programme, with one of these dialogues to be held in conjunction with the subsidiary bodies and one to be held in conjunction with the CMAs, and the two remaining dialogues to be organized in separate regions with a view to facilitating inclusive and balanced geographical participation.

The technical expert dialogues were organized on the basis of the submissions received from Party and non-Party stakeholder, were open to all interested Parties, academia, civil society actors, including youth, and private sector actors and had a webcast.

Please check the "events and meetings" tab for further information.

 

3. Annual reports

The CMA requested the co-chairs of the ad hoc work programme to prepare an annual report on the work conducted under that work programme, including a summary and key findings of the technical expert dialogues for consideration by the CMA at its 4th, 5th and 6th session, respectively. The annual reports informed deliberations at the high-level ministerial dialogues. 

 

4. Regular consultations with Party and non-Party stakeholders

The co-chairs maintained regular consultations with the constituted bodies, in particular the Standing Committee on Finance, as well as United Nations agencies, climate finance experts, academia, private sector and civil society actors with a view to informing the ad hoc work programme. Some of these consultations can be viewed under "other NCQG related events" under the "events and meetings" tab.

 

2022 Co-chairs of the ad hoc work programme on the NCQG

His Excellency Alok Sharma, President of COP 26, CMP 16 and CMA 3, has appointed Federica Fricano (Italy) and Kishan Kumarsingh (Trinidad and Tobago) as co-chairs for 2022 of the ad hoc work programme on the new collective quantified goal on climate finance.

 

2023 Co-chairs of the ad hoc work programme on the NCQG

His Excellency Sameh Shoukry, President of COP 27, CMP 17 and CMA 4, has appointed Fiona Gilbert (Australia) and Zaheer Fakir (South Africa) as co-chairs for 2023 of the ad hoc work programme on the new collective quantified goal on climate finance.

 

2024 Co-chairs of the ad hoc work programme on the NCQG

His Excellency Dr. Sultan Ahmed Al Jaber, President of COP 28, CMP 18 and CMA 5, has affirmed the appointment of Fiona Gilbert and Zaheer Fakir as co-chairs for 2024 of the ad hoc work programme on the new collective quantified goal on climate finance.

 

The CMA took stock of progress made in 2022 and 2023 and provided further guidance on the work programme, taking into consideration the annual reports of the co-chairs, including the key findings contained therein, and the summary reports on the HLMDs, including its guidance as contained in decisions 9/CMA.35/CMA.4 and 8/CMA.5. In 2024, the CMA took stock of progress made and set the NCQG as contained in decision 1/CMA.6(link is external) .

 

Documents

The CMA requested the co-chairs of the ad hoc work programme to develop a workplan in 2023 and 2024, respectively, taking into account submissions from Parties and non-Party stakeholders:
 

In 2022, the co-chairs of the ad hoc work programme on the NCQG issued a reflections note capturing the substantive and rich discussions held during the dialogues.
 

First Technical Expert Dialogue on the NCQG - Reflections note

Second Technical Expert Dialogue on the NCQG - Reflections note

Third Technical Expert Dialogue on the NCQG - Reflections note

Fourth Technical Expert Dialogue on the NCQG - Summary and key findings



Prior to the third technical expert dialogue, the co-chairs of the ad hoc work programme on the NCQG issued a background note that provided an overview of the available information on the needs and priorities of developing countries as well as the roles of public and private actors, sources and instruments, available at:

Third Technical Expert Dialogue on the NCQG - Background note

 

As mandated by CMA 4 and 5, the co-chairs of the ad hoc work programme issued a summary note of each technical expert dialogue, prepared under their own responsibility which presents a non-exhaustive set of views to capture the discussions held during each dialogue. These are available at:
 

Fifth Technical Expert Dialogue on the NCQG

Sixth Technical Expert Dialogue on the NCQG

Seventh Technical Expert Dialogue on the NCQG

Eighth Technical Expert Dialogue on the NCQG

Ninth Technical Expert Dialogue on the NCQG

Tenth Technical Expert Dialogue on the NCQG

Eleventh Technical Expert Dialogue on the NCQG

CMA 5 decided to transition to a mode of work that enables the development of a draft negotiating text on the NCQG for consideration at CMA 6. It also decided to conduct at least three TEDs in 2024 to allow for in-depth technical discussions on the elements of the NCQG, to be held back-to-back with three meetings under the ad hoc work programme to enable Parties to engage in developing a substantive framework for a draft negotiating text, capturing progress made. It further requested the co-chairs of the ad hoc work programme to provide information on progress made at each meeting under the ad hoc work programme and the way forward following each meeting.
 

First Meeting under the ad hoc work programme on the NCQG

Second Meeting under the ad hoc work programme on the NCQG

Third Meeting under the ad hoc work programme on the NCQG

To support discussions at each meeting under the ad hoc work programme, the co-chairs prepared input papers prior to each meeting.The purpose of the input papers was to seek Party views on possible elements of the draft structure for the substantive framework for a draft negotiating text and options for content to be included under each element. The input papers had no status and were prepared by the co-chairs under their own responsibility.

First Meeting under the ad hoc work programme on the NCQG

Second Meeting under the ad hoc work programme on the NCQG

Third Meeting under the ad hoc work programme on the NCQG

The CMA requested the co-chairs of the ad hoc work programme to prepare an annual report on the work conducted under that work programme, including a summary and key findings of the technical expert dialogues for consideration by the CMA. The annual reports informed deliberations at the high-level ministerial dialogues.
 

 

Events-Meetings

Technical expert dialogues and meetings under the ad hoc work programme

 

The CMA decided to conduct four technical expert dialogues per year as part of the ad hoc work programme, with one of these dialogues to be held in conjunction with the subsidiary bodies and one to be held in conjunction with the CMAs, and the two remaining dialogues to be organized in separate regions with a view to facilitating inclusive and balanced geographical participation.

The technical expert dialogues will be organized on the basis of the submissions received from Party and non-Party stakeholders. The dialogues will be open to all interested Parties, academia, civil society actors, including youth, and private sector actors and be webcast.

At CMA 5, Parties decided to transition to a mode of work that enables the development of a substantive framework for a draft negotiating text for consideration by CMA 6. Parties also requested the co-chairs of the ad hoc work programme to develop and publish by March 2024 a workplan for 2024, taking into account submissions to be made by Parties. Additionally, the CMA also requested the co-chairs to conduct at least three technical expert dialogues in 2024 to allow for in-depth technical discussions on the elements of the NCQG back-to-back with three meetings under the ad hoc work programme to enable Parties to engage in developing the substantive framework for a draft negotiating text capturing progress made.

 

Tenth technical expert dialogue under the Ad Hoc Work Programme on the New Collective Quantified Goal on Climate Finance

Date: 3 June 2024
Time: 15:00 - 18:00 (CEST)
Venue: World Conference Center Bonn, Germany

 

Second meeting under the ad hoc work programme on the New Collective Quantified Goal on Climate Finance

Time: 15:00 - 17:00 (CEST)
Venue: World Conference Center Bonn, Germany

First session: 5 June 2024

First session (continuation): 6 June 2024

Second session: 8 June 2024

Third session: 10 June 2024

Fourth session: 11 June 2024

 

 

High-level ministerial dialogues

Parties requested the President of the CMA to convene high-level ministerial dialogues starting in 2022 and ending in 2024, ensuring effective political engagement and open, meaningful and robust discussion. The high-level ministerial dialogues will be informed by the reports of the technical expert dialogues, with a view to providing guidance on the further direction of the ad hoc work programme for the following year. The CMA President will prepare a summary of the deliberations, including recommendations, for consideration by the CMA at that session.

Other NCQG related events

The New Collective Quantified Goal on Climate Finance - a Latin American and Caribbean perspective (as part of the LAC Climate Week)

Date: 20 July 2022
Time: 14:00 - 16:00
Venue: Santo Domingo, Dominican Republic

 

The New Collective Quantified Goal on Climate Finance - an Arab perspective (as part of the MENA Climate Week)

Date: 29 March 2022
Time: 09:45 - 11:15
Venue: Dubai, United Arab Emirates


 

Informal consultation with non-Party stakeholders on the New Collective Quantified Goal on Climate Finance

Date: 14 June 2023
Time: 15:00 - 16:00
Venue: World Conference Center Bonn, Germany

Informal heads of delegation meeting on the NCQG

Date: 8 October 2024
Venue: Baku, Azerbaijan
Presentation of the co-chairs of the ad hoc work programme can be viewed here.

Communications-to-Parties-and-Observer-organizations

 


Message from the co-chairs of the ad hoc work programme on the new collective quantified goal on climate finance regarding the organization of the technical expert dialogues (TEDs)

Submissions-received-from-Parties-and-non-parties-Stakeholders

 

Submissions
 

CMA 3 invited Parties, constituted bodies under the Convention and the Paris Agreement, the operating entities of the Financial Mechanism, climate finance institutions, observers and observer organizations, and other stakeholders, particularly from the private sector to submit by February and August 2022, respectively, their views on the objectives of the ad hoc work programme as specified in para.15 of decision 9/CMA.3 and on the elements outlined in para. 16 of the same decision.

Views on the objectives and elements identified in decision 9/CMA.3 on the new collective quantified goal on climate finance. Technical paper by the secretariat can be viewed here.

 

Submissions made by Parties

 

Submission deadline: August 2022

 

Submission deadline: February 2022


 

Submissions made by non-Party stakeholders

 

Submission deadline: August 2022

 

Submission deadline: February 2022

 Organization Date of original submission
 Oxford Climate Policy   28 January 2022 
 Heinrich-Boell Stiftung  14 February 2022
 ACT Alliance  15 February 2022
 Transforma and WRI in association with ACT 2025  15 February 2022
 WWF  15 February 2022
 Climate Action Network Canada  21 February 2022
 Climate Finance Group for Latin America and the Caribbean  22 February 2022
 Climate Policy Initiative  23 February 2022
 Third Generation Environmentalism (E3G)(link is external)  3 March 2022

 

CMA 4 invited Parties to submit views on the issues to be addressed as part of the workplan for 2023, including themes for the technical expert dialogues to be held in that year via the submission portal.

It also invited Parties, constituted bodies under the Convention and the Paris Agreement, the operating entities of the Financial Mechanism, climate finance institutions, observers and observer organizations and other stakeholders, particularly from the private sector, to submit inputs via the submission portal on each technical expert dialogue to be held, on the basis of guiding questions well in advance of each technical expert dialogue to allow for those inputs to be reflected in the organization of the dialogues.

 

Submissions made by Parties

 

Views on the eighth technical expert dialogue

Views on the seventh technical expert dialogue

 

Views on the sixth technical expert dialogue

 

Views on the workplan for 2023 and inputs to the fifth technical expert dialogue


 

Submissions made by non-Party stakeholders

Views on the eighth technical expert dialogue

 

Views on the seventh technical expert dialogue

 

Views on the sixth technical expert dialogue

 

Views on the fifth technical expert dialogue

 

CMA 5 invited Parties to submit views on issues to be addressed as part of the 2024 workplan via the submission portal(link is external).

It also invited Parties, constituted bodies under the Convention and the Paris Agreement, the operating entities of the Financial Mechanism, climate finance institutions, observers and other stakeholders, including from the private sector, to submit views in advance of each technical expert dialogue and meeting under the ad hoc work programme via the submission portal.

 

Submissions made by Parties

 

Views on the tenth technical expert dialogue and second meeting under the ad hoc work programme

 Party Date of original submission
Brazil on behalf of Group SUR(link is external) 17 May 2024

 


Views on the ninth technical expert dialogue and first meeting under the ad hoc work programme

 

Views on the 2024 workplan

 

 

Submissions made by non-Party stakeholders

 

Views on the eleventh technical expert dialogue and third meeting under the ad hoc work programme

Organization Date of original submission
Transforma(link is external)  30 August 2024
Prakriti Resources Centre (PRC) on behalf of Loss and Damage Collaboration (L&DC) and Pacific Islands Climate Action Network (PICAN)(link is external)  20 August 2024
Generation Atomic(link is external)  9 August 2024
Care About Climate (CAC) on behalf of Children and Youth Constituency of the UNFCCC(link is external)  9 August 2024
Save the Children and UNICEF(link is external)  6 August 2024
Climate Action Network International(link is external)   6 August 2024
The IMAL Initiative(link is external)  6 August 2024
Heinrich Böll Foundation on behalf of Women and Gender Constituency(link is external)  5 August 2024
CGIAR, FAO, IFAD and WFP(link is external)  5 August 2024
IBON International Foundation(link is external)  5 August 2024
Conservation International(link is external)  5 August 2024
Greenpeace(link is external)  5 August 2024
The Pew Charitable Trusts(link is external)  5 August 2024
Eurodad, ActionAid International, APMDD, CESR, Climate and Community Project, Debt for Climate, Debt Justice Norway, Debt Justice UK, Latindadd, MenaFem Movement for Economic Development and Ecological Justice, Movement for Debt and Reparations,ODG, Oil Change International, Recourse, Resilient40, The Bretton Woods Project(link is external)  2 August 2024
Center for Global Development(link is external)  2 August 2024
Aviva Investors  1 August 2024
Mercy Corps, Plan International and Concern Worldwide (link is external)  31 July 2024
Sustainable Development Foundation(link is external)  23 July 2024
Center for Climate and Energy Solutions (C2ES)(link is external)  12 July 2024
World Meteorological Organization (WMO)(link is external)  27 June 2024

 

Views on the tenth technical expert dialogue and second meeting under the ad hoc work programme

 

Views on the ninth technical expert dialogue and first meeting under the ad hoc work programme

 

 

 

Written inputs

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