Coming to grips with the climate crisis requires unprecedented measures to deeply decarbonize every sector of the economy, conserve and restore nature and better protect people from increasingly severe climate impacts. For many developing countries, making this transition will be impossible without significantly more and higher quality finance. To address this, the world will come together at COP29 in Baku, Azerbaijan to negotiate a new global goal for climate finance for the first time in fifteen years. The “new collective quantified goal” (NCQG) must be defined through a global, evidence-based conversation about the scale of developing countries’ needs to confront the climate crisis.

During this webinar, World Resources Institute experts will: 

  • Unpack the key elements of the new finance goal and the critical choices that negotiators will grapple with in the coming months. 
  • Lay out principles that can help bridge differences on major issues such as the goal’s size and scope and which countries should contribute. 
  • Cover how this new finance goal is situated within broader multilateral financial reform 
  • Explore how the outcome in Baku will shape whether developing countries have the confidence to substantially increase their climate ambitions in the next round of Nationally Determined Contributions (NDCs) which are due in early 2025.


  • Gaia Larsen, Director of Climate Finance Access, WRI
  • Natalia Alayza, Manager, UNFCCC Climate Finance, WRI
  • David Waskow, Director of International Climate Initiative, WRI

This webinar is free and open to the public – we invite you to share this event with interested colleagues and networks.


Image by Dominic Chavez/World Bank