2024-11-10-联合国贸易发展委员-联合国贸易发展委员会-气候融资新集体量化目标（英）_40页_2mb

The New Collective Quantified Goal (NCQG) on climate finance, to be agreed at COP-29, requires a significant increase from the current $100 billion annual target to $1.46 trillion by 2030, reflecting the $1.8 trillion investment needs of developing countries for climate mitigation, adaptation, and loss and damage. The NCQG should be evidence-based, aligning with both bottom-up analyses (NDRs) and top-down projections from models like the UN Global Policy Model.

Key recommendations include:

• Setting a target of $0.89 trillion in 2025 (≈1.4% of developed countries' GDP) rising to $1.46 trillion by 2030 (≈2% of developing countries' GDP).
• Adopting a quantity-quality approach, with 75% of finance from developed countries expected to come from public sources initially.
• Including sub-goals for mitigation (new, clean investments), adaptation (grants for resilience), and loss and damage (support for damages).
• Structuring the goal around eight quality principles:
  1. Led by developing countries' needs and priorities.
  2. Aligned with a CBDR effort-sharing approach.
  3. Expanding fiscal space for climate-resilient development.
  4. Effective in advancing the Paris Agreement and SDGs.
  5. Adaptable to changing needs.
  6. Transparent with robust tracking mechanisms.
  7. Accessible for under-resourced countries.
  8. Supported by a pro-development international financial architecture (IFA).

Implementation mechanisms should include periodic reviews aligned with NDC cycles, safeguards against debt distress and exclusions for market-rate loans, and reforms to enhance IFA coherence (e.g., debt restructuring, GFSN, ODA commitments).