LOSS AND DAMAGE AT THE 2025 BONN CLIMATE CONFERENCE

By The Loss and Damage Collaboration

New header picture. Loss and Damage Finance Now!

Climate activists call for rich polluting countries and corporations to pay up for #LossAndDamage.

👀 UNFCCC June Climate Meetings (SB 62)
16 Jun - 26 Jun 2025

New Collective Quantified Goal #NCQG

New header picture. Loss and Damage Finance Now! @lossanddamage.bsky.social and other climate activists call for rich polluting countries and corporations to pay up for #LossAndDamage. 👀 UNFCCC June Climate Meetings (SB 62) 16 Jun - 26 Jun 2025 New Collective Quantified Goal #NCQG
17/19. 🤯Developed countries also see the #NCQG as an opportunity to make money from the #ClimateCrisis through loans an other instruments that would further exploit developing countries and see #ClimateFinance boomerang 🪃 back to them. 😡 🤬
12/16. ⭐️An #NCQG that operationalises Parties’ existing #HumanRights obligations ⚖️, including those related to the rights of Indigenous Peoples, including by ensuring that #ClimateFinance💰is child 🚼-, gender- ⚧️and disability-responsive ♿️.
#ClimateFinance is paramount: In an open letter to UNFCCC, PIK director Johan Rockström & others call for an urgent revision of the New Common Quantified Goal of Climate Finance #NCQG. A more ambitious NCQG update is needed to align with the Paris Agreement goal of limiting global warming to 1.5°C.
➡️ https://e-axes.org/research/joint-statement-on-the-new-common-quantified-goal-ncqg-of-climate-finance-and-its-delivery-on-the-1-5c-paris-agreement-goal-addres
Joint Statement on the New Common Quantified Goal (NCQG) of Climate Finance and Its Delivery on the 1.5°C Paris Agreement Goal - E-Axes Forum

We call for an urgent revision of the New Common Quantified Goal of Climate Finance. We are on a current 2.8°C trajectory, and 2°C Goal of the Paris Agreement is not good enough. It is vital to small island nations, and the world, to deliver on the Paris Agreement goal of 1.5°C. Every 0.1°C counts.

E-Axes Forum

🗞️🌍 COP29 Azerbaijan in Baku: Loss and Damage

At the conclusion of COP29, Parties agreed to a New Collective Quantified Goal (#NCQG) of $300 billion a year by 2035, some of which will be allocated to loss and damage. Achieving the NCQG means mobilising finance for mitigation, adaptation, and loss and damage. This requires a joint effort from governments and the private sector, because only then can climate finance align with the #ParisAgreement and #Agenda2030.”

#oneworldoneclimate

Groups including Oxfam International, WWF and the Global Climate and Health Alliance have slammed the latest latest New Collective Quantified Goal (NCQG) text at COP29, with Oxfam International's climate justice lead, Safa’ Al Jayoussi labelling it a "shameful failure of leadership". #cop29 #ncqg #climatefinance #sustainability

Read more: https://sustainabilityonline.net/?p=6510

Climate finance text at COP29 a ‘shameful failure of leadership’ - SustainabilityOnline

Oxfam has labeled the latest climate finance text at COP29 a 'shameful failure of leadership', suggesting that no deal would be better than a bad deal.

SustainabilityOnline - A business news platform with a sustainable focus. Ensuring ESG is embedded in corporate mindset, and is seen as a value-add, rather than a nice-to-have.

Egypt and Australia will act as chairs for this week’s deliberations on the #NCQG, attempting to find common ground regarding the structure, quantum, and contributors in high-level political talks, while technical discussions on other issues continue until tomorrow.

#COP29

On Monday this year’s @unfccc climate conference #cop29 kicks off in Baku, Azerbaijan. Our experts will be on-site to negotiate as part of the German and EU delegation. Important topics will be #ClimateFinance #NCQG #Mitigation.
Read our comprehensive outlook on
@cop29_az: https://www.umweltbundesamt.de/en/topics/cop29-how-to-finance-global-climate-action
COP29: How to finance global climate action?

On 11 November 2024, this year's UN Climate Change Conference COP29 will start in Baku (Azerbaijan). The main topics are climate finance and progress in implementing ambitious climate action. UBA experts are also part of the German delegation and are supporting the German government and the EU in the negotiations.

Umweltbundesamt