Policy Brief | Financing the Future: Framing the Post-2025 Climate Finance Goal

At the 29th Conference of Parties (COP29) to the United Nations Framework Convention on Climate Change (UNFCCC), it is imperative that policymakers account for the lessons from the failures in delivering the previous goal and establish fair and equitable targets for the New Collective Quantified Goal (NCQG) on Climate Finance, commensurate with the longstanding climate debt owed by the global North to the global South. In practical terms, the NCQG must facilitate adequate, new, additional, grant-based, public, and predictable finance. This finance should be directly accessible to developing countries and frontline communities, empowering them to implement effective climate solutions and actions.