Collective Qualified Goal on Climate Finance (CQG)

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A key accompanying decision to the 2015 Paris Agreement stipulates setting a new collective quantified goal (NCQG) for climate finance prior to 2025. This new goal is to be built on the foundation of the US$100 billion per year by 2020 commitment and must consider the needs and priorities of developing countries.

The process by which this is to be achieved was agreed at the UNFCCC COP26 in 2021.


United Nations: New Collective Quantified Goal on Climate Finance
Q & A: The future global climate finance goal (aka NCQG) - what is it, why is it important and what does it entail?