A fair share of climate finance? The collective aspects of the New Collective Quantified Goal

2024 is a critical year for international climate finance. At the 29th Conference of the Parties (COP29) in November, three years of discussions on a ‘New Collective Quantified Goal on Climate Finance’ (NCQG) are to conclude. Many elements of the NCQG are currently under consideration, including ‘the “collective” aspects of implementation, whether burden-sharing or broadening the contributor base.’ Recognising that such aspects have represented one of the central challenges to delivery of the current $100 billion finance goal, and anticipating that this challenge would continue to exist in deliberations about its successor, ODI and the Zurich Climate Resilience Alliance have been exploring these two issues – ‘burden sharing and broadening the contributor base’ – together for three years in our ‘fair share’ series (Colenbrander et al., 2021, 2022; Pettinotti et al., 2023) and complementary work (Colenbrander et al., 2023). In this ‘NCQG edition’ of our series, we present our updated findings in the hopes of supporting constructive deliberations over the critical months to come.