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.4 and 8/CMA.5.

 

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Second meeting under the ad hoc work programme 

Updated input paper for the second meeting under the ad hoc work programme on the new collective quantified goal on climate finance. 9 June 2024

The full document can be accessed here

Updated input paper for the second meeting under the ad hoc work programme on the new collective quantified goal on climate finance. 7 June 2024

The full document can be accessed here

Written inputs received in the context of the second meeting under the ad hoc work programme

Written inputs received are available here.

Compilation and synthesis of inputs for the tenth technical expert dialogue and the second meeting under the ad hoc work programme on the NCQG

This compilation and synthesis summarizes the submissions received from Parties and non-Party stakeholders. The document can be accessed here.

Information on progress made at the first meeting under the ad hoc work programme and the way forward, and input paper for the second meeting

The co-chairs of the ad hoc work programme prepared a note on progress made at the MAHWP 1 and the way forward, which also includes an input paper for the second meeting, which is available here.

Summary of the ninth technical expert dialogue 

The co-chairs of the ad hoc work programme prepared a summary of the discussions held at TED 9 which is available here.

Tenth technical expert dialogue and second meeting under the ad hoc work programme on NCQG

Tenth technical expert dialogue
Date:
3 June 2024
Further information, including the provisional programme, is available here.

Second meeting under the ad hoc work programme
Dates: 

  • 5 June 2024, 15:00-17:00, WCCB, main room Nairobi 1/2/3, overflow room: Santiago de Chile
  • 6 June 2024, 15:00-15:45, WCCB, room New York
  • 8 June 2024, 15:00-17:00, WCCB, main room Genf, overflow room: Bangkok
  • 10 June 2024, 15:00-17:00, WCCB, plenary New York
  • 11 June 2024, 15:00-17:00, WCCB, Chamber Hall

Venue: World Conference Center, Bonn, Germany
 

Message to Parties and admitted observers from the co-chairs related to the preparation for the tenth technical expert dialogue and second meeting under the ad hoc work programme

Message to Parties and observer states, UN and IGOs and admitted non-government organizations

Written inputs received in the context of the first meeting under the ad hoc work programme

Written inputs received are available here.

Compilation and synthesis of inputs on the ninth technical expert dialogue and first meeting under the ad hoc work programme on the NCQG

This compilation and synthesis report summarizes the submissions received from Parties and non-Party stakeholders. The full report can be accessed here

Co-chairs' input paper for the first meeting under the ad hoc work programme 

The purpose of this input paper is 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 document can be accessed here

2024 new collective quantified goal on climate finance workplan

The workplan outlines the overall plan for conducting the ad hoc work programme in 2024. You can download the PDF version here

Message to Parties from the co-chairs of the ad hoc work programme on the NCQG

  • Call for submissions related to the 2024 workplan. Further information can be viewed here.

  • Reflections on organizing the ad hoc work programme in 2024. Further details can be viewed here

 

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

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. Further information about the co-chairs is available here

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. Workplan

The CMA requested the co-chairs of the ad hoc work programme to develop a workplan in 2023, including the themes for the technical expert dialogues to be held in that year. It takes into account submissions from Parties and non-Party stakeholders and the guidance contained in decisions 14/CMA.1, 9/CMA.3 and 5/CMA 4.

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 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.

NCQG events in 2022
Technical expert dialogues (2022) Other NCQG related events
First technical expert dialogue The New Collective Quantified Goal on Climate Finance - an Arab perspective (as part of the MENA Climate Week)
Second technical expert dialogue
Third technical expert dialogue The New Collective Quantified Goal on Climate Finance - a Latin American and Caribbean perspective (as part of the LAC Climate Week)
Fourth technical expert dialogue

 

NCQG events in 2023
Technical expert dialogues (2023) Other NCQG related events
Fifth technical expert dialogue  
Sixth technical expert dialogue Informal consultation with non-Party stakeholders on the New Collective Quantified Goal on Climate Finance
Seventh technical expert dialogue  
Eighth technical expert dialogue  

 

NCQG events in 2024
Technical expert dialogues (2024) Other NCQG related events
Ninth technical expert dialogue  First meeting under the ad hoc work programme

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. The annual reports will inform deliberations at the high-level ministerial dialogues. 

2022 2023

4. Regular consultations with Party and non-Party stakeholders

The co-chairs will maintain 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.

The CMA 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. Submissions received from Parties and non-Party stakeholders ​can be viewed here.

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.

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.

2022 2023
HLMD, COP27, Sharm el-Sheikh (2022) HLMD, COP 28, Dubai

The CMA will take stock of progress made in 2022 and 2023 and provide 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. In 2024, the CMA will take stock of progress made and set the NCQG.

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