The New Collective Quantified Goal (NCQG) on Climate Finance is set to be agreed at this year’s COP29, and it could have profound implications for the level and transformational potential of finance to tackle climate change. Still, negotiators are wide apart in their starting positions, with key points of contention including how to define climate finance, who should contribute, how much is needed, and what metrics can be used to assess and report progress. Coming to a mutually credible agreement is crucial, as the existing measurement and target framework for the current $100bn climate finance goal has led to inconsistent expectations and badly undermined trust. Recent analysis from the German Institute of Development and Sustainability (IDOS) and the Center for Global Development (CGD) highlighted potential new approaches to the goal and the case for new contributors.

In the margins of the UNFCCC Bonn Climate Change Conference, the German Institute of Development and Sustainability (IDOS) and the Center for Global Development (CGD) will bring together senior negotiators and policy-makers and experts to discuss the way forward on the core public finance element of the climate goal. At this public event, we will explore how to improve measurement and accountability; how to tackle the issue of additionality of climate finance; how to set the level of ambition in particular with regards to adaptation and loss and damage finance; and which countries should contribute.

Agenda

Opening and welcoming remarks

• Stephan Klingebiel, Head of Programme Inter- and Transnational Cooperation, German Institute of Development and Sustainability (IDOS)

Keynote

• Heike Henn, German Federal Ministry for Economic Cooperation and Development (BMZ)

Setting the scene: NCQG and international public finance

Speakers:

• Julius Mbatia, African Group of Negotiators
• Carola Mejía, Latindadd
• Hendrikje Reich, German Federal Foreign Office
• Svea Koch / Mariya Aleksandrova (tbd), Senior Researcher, IDOS /
• Jonathan Beynon, Senior Policy Associate Climate Finance, CGD

Moderator

• Ian Mitchell, Co-Director, Europe and Senior Policy Fellow, Center for Global Development (CGD)

Q&A

Concluding remarks