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NDCs, NCQG, and Financing the Transition: Unlocking Flows for a Net-Zero Future

NDCs, NCQG, and Financing the Transition: Unlocking Flows for a Net-Zero Future

Year Published

2024

Contributing Organisations

Energy Transition Comission (ETC)

Type of Resource

Research/Insights Report

Languages

English

Relevant Topics

Core Topic
Nationally Determined Contributions (NDCs)
Topic 2
Climate Policy & Policy Engagement
Topic 3
National Adaptation Plans (NAPs)

Target Audience

Governments & Policymakers
Education Providers / Think Tanks / NGOs
MDBs/DFIs
Banks

Relevant Geography

Global
NDCs, NCQG, and Financing the Transition: Unlocking Flows for a Net-Zero Future

Resource Summary

This report outlines the role the New Collective Quantified Goal (NCQG) and Nationally Determined Contributions (NDCs) could play in unleashing different sorts of climate finance required to reach net-zero emissions by 2050. It summarises key priorities for the NCQG and the next rounds of NDCs. Some of the priorities include: NCQG: - Clarity on the types of finance flows required and what is covered by any NCQG commitments. - Strong focus on very large-scale financial flows required to support mitigation and adaptation in middle and low-income countries. - Strong support for new sources of funds to support climate. Next round of NDCs: - Reflect existing technology progress and policy commitments by delivering NDCs that triple ambition at a global level. - Define strong links between targets and supporting policy - Contain absolute or equivalent emissions targets, sector and greenhouse-gas-specific targets, and clear bounds of conditional targets for measurability and comparability.

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