New Collective Quantified Goal (NCQG)
The New Collective Quantified Goal (NCQG), discussed at COP29 in Baku, seeks to mobilize $5-6.8 trillion by 2030 to help developing nations tackle climate challenges. This initiative replaces fossil fuels with renewable energy and supports adaptation measures. Historically, a $100 billion annual climate finance goal set in 2009 was partially met by 2022, necessitating a more robust financial target by 2025. India calls for regional cooperation among Hindu Kush Himalaya (HKH) nations to address transboundary air pollution and climate-induced risks. Unified action plans emphasize biodiversity, disaster preparedness, and resilient infrastructure to ensure sustainable regional development.
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