Third Brief on NCQG simplified negotiation options

This briefing by Transforma presents simplified negotiation options for the New Collective Quantified Goal (NCQG) on climate finance, intended for adoption in Baku, Azerbaijan, by November 2024. The document organizes various proposals from Parties and groups into a structured framework covering the goal's preamble, context, temporal scope, structure, quantum determination, qualitative elements, access, concessionality, and transparency arrangements.

• The NCQG is intended to address the evolving quantitative needs of developing countries across several thematic areas, including adaptation, mitigation, loss and damage, transparency, technology transfer, and capacity building. The document notes that current needs for the pre-2030 period are estimated at USD 5.8–5.9 trillion, with adaptation finance needs specifically estimated at USD 215–387 billion annually until 2030, and annual loss and damage needs estimated up to USD 580 billion by 2030, USD 1 trillion by 2040, and USD 1.7 trillion by 2050.
• Negotiation options for the temporal scope of the NCQG range from short-term frames of 5 years (e.g., 2025-2029 or 2026-2030) to longer horizons of 10 years (e.g., 2025-2034 or 2026-2035), extending up to 2050, 2060, or 2070, or being linked to net zero targets.
• Proposed contributor bases for the NCQG vary from developed countries and high emitters to a dynamic list based on indicators such as GNI, GDP per capita, or cumulative GHG emissions. Specific suggested thresholds for purchasing power parity adjusted GNI per capita include more than 22,000 USD, 40,000 USD, or 52,000 USD. Other proposed indicators include having a space program or cumulative past and current emissions per capita of at least 250t CO2eq.
• Proposed quantitative targets for the NCQG include a wide range of figures, such as 100+ billion, 441 billion, 1.1 trillion, 1.3 trillion, or 2.4 trillion USD. Some options suggest a core support goal for international public climate finance, specifically for adaptation and loss and damage, expressed in grant-equivalent terms or solely on grants.
• Qualitative elements under negotiation include ensuring gender-responsiveness in climate finance by 2035, adopting a human rights-based approach, and enhancing synergies between finance for climate, biodiversity, and the SDGs. There are also calls for the fossil fuel industry to support developing countries in transitioning away from fossil fuels in energy systems.
• To improve access to climate finance, options include the simplification and harmonization of approval procedures, the accreditation of national agencies, and the establishment of minimum allocation floors for Least Developed Countries (LDCs) and Small Island Developing States (SIDS). The document also suggests reducing co-financing requirements and implementing country platforms.
• Proposed levels of concessionality include specific parameters to ensure debt sustainability, such as interest rates of 1% or below (fixed), grace periods of 5 years or above, and maturity periods of 20 years or above. There is also a proposal for the mandatory inclusion of climate resilience debt clauses in financial agreements.
• Transparency and review modalities for the NCQG may be managed through the Enhanced Transparency Framework (ETF) via biennial transparency reports. Proposed additions to transparency include clarifying the definition of climate finance, tracking the time taken for recipients to access funds, and calculating grant equivalency based on GCF methodology.

APA

Carbajal, A. L., Acuña, J. S., & Mateus, A. (2024). Third Brief on NCQG simplified negotiation options. Transforma. https://transforma.global/wp-content/uploads/2024/11/241011-Third_Brief_on_NCQG_simplified_negotiation_options.pdf

Chicago

Carbajal, Alejandra Lopez, Jimena Solano Acuña, and Angelica Mateus. Third Brief on NCQG simplified negotiation options. Transforma, 2024. https://transforma.global/wp-content/uploads/2024/11/241011-Third_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=Third Brief on NCQG simplified negotiation options |publisher=Transforma |date=October 2024 |url=https://transforma.global/wp-content/uploads/2024/11/241011-Third_Brief_on_NCQG_simplified_negotiation_options.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{carbajal2024third, author = {Carbajal, Alejandra Lopez and Acuña, Jimena Solano and Mateus, Angelica}, title = {{Third Brief on NCQG simplified negotiation options}}, institution = {Transforma}, year = {2024}, month = oct, url = {https://transforma.global/wp-content/uploads/2024/11/241011-Third_Brief_on_NCQG_simplified_negotiation_options.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }