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This briefing by Zero Carbon Analytics examines the proposal to expand the contributor base for climate finance to include emerging economies. It argues that while some emerging countries already contribute voluntarily, mandating their contributions at the current rate of developed countries would only provide an additional USD 51.19 billion, which is approximately 5.12% of the estimated USD 1 trillion annual need for developing countries. The document emphasizes that developed countries must maintain primary responsibility and calls for clearer definitions of 'developed countries' and 'climate finance' during the New Collective Quantified Goal (NCQG) negotiations at COP29.

This report, produced by the OECD and Climate Policy Initiative, provides preliminary estimates of climate finance mobilized by developed countries for developing countries in 2013 and 2014 to track progress toward the USD 100 billion annual goal by 2020.