Recently in the news, the term New Collective Quantified Goal (NCQG) refers to:
1
A financial mechanism under the Paris Agreement to provide subsidies for renewable energy technologies globally.
2
A global fund for compensating loss and damage caused by extreme climate events in both developed and developing nations.
3
A strategy by developed nations to reduce greenhouse gas emissions by 50% by 2030.
4
A new climate finance target to replace the $100 billion per year goal for supporting climate action in developing countries.