COP29 Spotlight | A collective financial goal for a just transition
Mitigation and adaptation finance are critical elements in climate negotiations aimed at building a more resilient future. “COP29 has already been called ‘the Finance COP’ due to the importance of the New Collective Quantified Goal on Climate Finance (NCQG), which will replace the previous USD 100 billion goal,” says Marta Ellena, CMCC researcher and member of the Italian delegation to COP29. Frontier climate research, such as that conducted at CMCC, can support international and local climate financing mechanisms by quantifying needs, evaluating and devising effective policies, and ensuring accountability and transparency of financial flows.