Second Brief on NCQG simplified negotiation options

This briefing by Transforma presents a set of simplified negotiation options for the New Collective Quantified Goal on Climate Finance (NCQG). The document reorganizes various elements from the Ad-Hoc Work Programme (AHWP) and inputs from groups such as AOSIS and LDCs into a structured framework to assist stakeholders during negotiations in Baku, Azerbaijan.

• The NCQG is intended to address the evolving needs and capacities of developing countries, with a specific focus on the urgent requirement for loss and damage response finance and the importance of just transitions. The document notes that the gap between the needs of developing countries and the support provided is estimated at USD 5.8–5.9 trillion for the pre-2030 period.
• Proposed temporal scopes for the NCQG range from short-term frames of 5 years (2025-2029 or 2026-2030) to longer horizons of 10 years (2025-2034 or 2026-2035), and potentially extending up to 2050, 2060, or 2070, often linked to net zero targets.
• Negotiation options for the goal's structure include various contributor bases, ranging from developed countries taking the lead to a dynamic list based on indicators such as GNI, GDP per capita, or emissions. Proposed quantitative floors for the goal include figures such as 441 billion, 1.1 trillion, 1.3 trillion, and 2.4 trillion USD.
• The document outlines qualitative elements for the NCQG, including gender-responsiveness, human rights-based approaches, and the integration of indigenous knowledge. It also suggests that the goal should help developing countries overcome financing barriers such as high capital and transaction costs, particularly for LDCs and SIDS.
• Proposed access enhancements for developing countries include the simplification and harmonization of approval procedures, the accreditation of national agencies, and the establishment of minimum floors for recipients like LDCs and SIDS. There is a call for MDBs and IFIs to make operational models fit for the global climate emergency.
• Regarding concessionality, the brief suggests that loans should not increase indebtedness in developing countries. Specific parameters for minimum concessional terms are proposed, including interest rates of 1% or below, grace periods of 5 years or more, and maturity periods of 20 years or more.
• Transparency arrangements for tracking the NCQG may be managed primarily through the Enhanced Transparency Framework (ETF) or a dedicated mechanism. Proposed adjustments to the ETF include clarifying the definition of climate finance to exclude market rate loans and finance that expands fossil fuel production.

APA

Carbajal, A. L., Acuña, J. S., & Mateus, A. (2024). Second Brief on NCQG simplified negotiation options. Transforma. https://transforma.global/wp-content/uploads/2025/05/240809-V2-Second-Brief-on-NCQG-simplified-negotiation-options.pdf

Chicago

Carbajal, Alejandra Lopez, Jimena Solano Acuña, and Angelica Mateus. Second Brief on NCQG simplified negotiation options. Transforma, 2024. https://transforma.global/wp-content/uploads/2025/05/240809-V2-Second-Brief-on-NCQG-simplified-negotiation-options.pdf.

Wikipedia

{{cite report |last1=Carbajal |first1=Alejandra Lopez |last2=Acuña |first2=Jimena Solano |last3=Mateus |first3=Angelica |title=Second Brief on NCQG simplified negotiation options |publisher=Transforma |date=1 August 2024 |url=https://transforma.global/wp-content/uploads/2025/05/240809-V2-Second-Brief-on-NCQG-simplified-negotiation-options.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{carbajal2024second, author = {Carbajal, Alejandra Lopez and Acuña, Jimena Solano and Mateus, Angelica}, title = {{Second Brief on NCQG simplified negotiation options}}, institution = {Transforma}, year = {2024}, month = aug, url = {https://transforma.global/wp-content/uploads/2025/05/240809-V2-Second-Brief-on-NCQG-simplified-negotiation-options.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }