Where Do We Go from the $100 Billion Goal? Procedural Options to Enhance Climate Finance Ambition at COP26

The briefing discusses the need for a post-2025 climate finance goal and proposes four procedural pathways: creating an ad hoc Technical Committee, mandating a process led by the Subsidiary Body for Implementation (SBI), establishing a dedicated Work Program, or having the Conference of the Parties serving as the meeting of the Parties to the Paris Agreement (CMA) outline the process via co-facilitators. It emphasizes that a robust technical process is necessary to address the needs of developing countries and scale up finance mobilization.

• Developed countries are committed to maintaining the existing collective mobilization goal of $100 billion per year through 2025, but must establish a new collective quantified goal to follow it, using the $100 billion figure as a floor.
• One procedural option is the creation of a time-bounded ad hoc Technical Committee under the UNFCCC, composed of representatives from developed and developing countries, to provide information on quantitative, qualitative, and transparency elements by COP28/CMA5 in 2023.
• An alternative approach involves mandating the Subsidiary Body for Implementation (SBI) to lead a technical process, potentially reporting progress to CMA4 in 2022 and continuing until CMA5 in 2023 or CMA6 in 2024.
• Parties could establish a dedicated Work Program overseen by the CMA and led by co-facilitators, similar to the 2011 process in Durban, which would utilize workshops and dialogues with stakeholders.
• A final option is for the CMA to directly outline the deliberation process, which would include appointing co-facilitators at each session and calling for submissions from stakeholders to inform annual negotiations.

APA

Gonzalez, L. (2021). Where Do We Go from the $100 Billion Goal? Procedural Options to Enhance Climate Finance Ambition at COP26. World Resources Institute. https://www.wri.org/technical-perspectives/where-do-we-go-100-billion-goal-procedural-options-enhance-climate-finance

Chicago

Gonzalez, Lorena. Where Do We Go from the $100 Billion Goal? Procedural Options to Enhance Climate Finance Ambition at COP26. World Resources Institute, 2021. https://www.wri.org/technical-perspectives/where-do-we-go-100-billion-goal-procedural-options-enhance-climate-finance.

Wikipedia

{{cite report |last1=Gonzalez |first1=Lorena |title=Where Do We Go from the $100 Billion Goal? Procedural Options to Enhance Climate Finance Ambition at COP26 |publisher=World Resources Institute |date=22 October 2021 |url=https://www.wri.org/technical-perspectives/where-do-we-go-100-billion-goal-procedural-options-enhance-climate-finance |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{gonzalez2021where, author = {Gonzalez, Lorena}, title = {{Where Do We Go from the \$100 Billion Goal? Procedural Options to Enhance Climate Finance Ambition at COP26}}, institution = {World Resources Institute}, year = {2021}, month = oct, url = {https://www.wri.org/technical-perspectives/where-do-we-go-100-billion-goal-procedural-options-enhance-climate-finance}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }