Paris pact at centre of NCQG contributor base controversy
Hindustan Times|November 21, 2024
BAKU: Developing countries have clarified that expanding the contributor base to include high income, developing countries would violate the provisions of the Paris Agreement, countering one of the arguments of developed countries concerning the New Collective Quantified Goal (NCQG).
Jayashree Nandi
Paris pact at centre of NCQG contributor base controversy

NCQG is the new climate funding target, the money the developed world will give to the developing world to support their climate actions after 2025. It is meant to build on the $100 billion a year funding that the developed world agreed to give the developing world in 2009, but which it finally did (depending on how it is calculated), in 2022.

Developing countries are clear that with several proposals to expand contributor base being discussed, it is important to understand that what developing countries, especially China and others may contribute in South-South solidarity is outside the ambit of NCQG.

"It is voluntary and there is no obligation on developing country parties to contribute to NCQG. We are here to discuss NCQG under Paris Agreement. The Agreement very clearly states that money will flow from developed to developing countries. We are not here to renegotiate that," a developing country negotiator said on Wednesday.

This story is from the November 21, 2024 edition of Hindustan Times.

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This story is from the November 21, 2024 edition of Hindustan Times.

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