Developing nations oppose expanding NCQG contributor base

Baku: Developing countries have clarified that expanding the contributor base to include high income, developing countries would violate the provisions of the Paris Agreement, countering one of the arguments of developed countries concerning the New Collective Quantified Goal. “While developed countries recognize their responsibility to lead, they argue that other countries with the ability to provide climate finance — some of whom already invest in climate action in developing nations — should also transparently contribute to a new goal, due to their relative wealth and emissions profiles,” wrote Melanie Robinson, Global Director, Climate, Economics and Finance, World Resources Institute on Wednesday. During the stocktake plenary on Wednesday, the Like Minded Developing Countries said the $ 200 to 300 billion NCQG quantum being discussed informally and expansion of contributor base are both redlines. Article 9.1 states: “Developed country Parties shall provide financial resources to assist developing country Parties with respect to both mitigation and adaptation in continuation of their existing obligations under the Convention.” While article 9.5 states: “Developed country Parties shall biennially communicate indicative quantitative and qualitative information.