Will NCQG bridge the climate finance gap?

"Show me the money." That immortal line from Jerry Maguire may well decide whether or not the COP29 climate talks at Baku, Azerbaijan, arrive at the New Collective Quantified Goal (NCQG).

- Jayashree Nandi

NCQG is simply the new climate funding target, the money that the developed world will give to the developing world to support their climate actions after 2025. It is meant to build on the $100 billion a year funding that the developed world agreed to give the developing world in the Copenhagen climate conference in 2009, but which it met only in 2022 (and that too, only conditionally).

There is a lot of money talk at Baku, but there's a huge difference of opinion on what the numbers and the composition, and who the contributors should be.