One day before COP29 closure, climate finance deal still ‘glaringly incomplete’
The latest NCQG draft proposes “two vastly different options" for its design – and still lacks a specific figure.
COP29 will officially end tomorrow, but after nearly two weeks of negotiations, countries still can’t agree on the details – and amount – of a new climate finance deal.
The latest draft of the New Collective Quantified Goal (NCQG) on climate finance, published in the early morning hours of November 21, has been received with concern by climate experts – as the 10-page document still does not specify the amount of funding rich countries will be expected to mobilise to help poorer economies deal with climate change.
