Published: August 15th, 2024,
Last updated: May 28th, 2025

The Arab group of countries is calling on developed countries to contribute at least 441 billion US dollars per year from public funds for international climate financing. In total, the developed countries are urged to mobilize 1.1 trillion US dollars annually between 2025 and 2029. This is according to a submission by the Arab group of countries to the UNFCCC as part of the negotiations on a new global climate finance target. Many other countries and groups of countries remain vague about the amount of the New Collective Quantified Goal on Climate Finance (NCQG).