As COP30 enters its ministerial phase, discussions on climate finance and the New Collective Quantified Goal, adopted at COP29 in Baku, are gaining momentum. The NCQG is targeted to mobilize at least $300 billion annually in public finance by…
IEACF acts as a platform for countries in crisis to advocate with one voice for scaled-up climate finance and action.
Climate finance is not just about dollars, cents but about survival and with the time ticking, it’s important for amplified collective action
According to expert views, the $100 billion climate finance target was not based on actual needs but rather a political commitment
A lack of transparency regarding what qualifies as climate finance, combined with a heavy reliance on loans rather than grants issues
Notably, the G7 Finance Ministerial takes place at the same time as negotiations get underway in Bonn about the new goal for climate finance