In 2009, developed country parties committed to jointly mobilizing US$100 billion per year by 2020 to address the needs of developing countries, goal that was formalized in 2010 and later extended through 2025.

Collective finance efforts, however, do not end with the $100 billion goal. At COP29 in 2024 a new finance goal, known as the new collective quantified goal, will be adopted "from a floor of $100 billion per year, taking into account the needs and priorities of developing countries."

Deliberations on what this goal needs to address, including concerns related to quantity, quality, and transparency, are still underway. Formal deliberations started at COP25 (2019), and, since then, have taken place through different processes, including submissions, technical expert dialogues (TEDs), and high-level ministerial dialogues (HLMDs).

This paper lays out a subset of some of the key negotiation topics concerning this new goal. These topics include the goal's quantity, thematic scope, time frame, who should contribute, and transparency arrangements. Unpacking and understanding the scope of each of these elements will pave the way to successfully adopting a new goal at COP29.