EBRD President says new collective quantitative goal main result expected from COP29

The main expected outcome from COP29 is achieving a new collective quantitative goal (NCQG), European Bank for Reconstruction and Development (EBRD) President Odile Renaud-Basso said today at a high-level roundtable within COP29, according to Report.

This COP is focused on climate change financing, she said, adding that the key expected outcome is the new collective quantitative goal NCQG.

The EBRD chief strongly urged the parties to reach an ambitious and decisive conclusion on the NCQG goal. She noted that this goal is key to MDP's ability to provide more funds for fighting climate change and seek to increase returns through mobilizing private capital, which makes it possible to collaborate even more closely to bring this goal to life.