Final narrative report: Global Goal on Adaptation (GGA) and the New Collective Quantified Goal on climate finance (NCQG)

Summary

GFLAC participated in several meetings with ARA’s Secretariat, SouthSouthNorth (SSN), throughout the project’s duration to discuss its progress. This included a meeting on February 4 with the African and Asian leads, ACTS and Integrated Design, respectively, to foster the exchange of ideas.

Additionally, GFLAC took part in a session of ARA’s members Plenary, where a presentation was delivered on the outcomes of the NCQG discussions at the 29° Conference of the Parties (COP29), as well as key messages linking the NCQG with the GGA in 2025.

GFLAC officially joined the ARA community as a member in February 2025 and participated in ARA’s and Transitions Research’s TLS regional Symposium in Lima, Peru, on March 6-7. GFLAC actively contributed to the Symposium, including in a session focused on the synergies between the NCQG and GGA in preparation for COP30.

GFLAC has collaborated with two Latin American members of ARA, Argentina 1.5 and Avina Foundation, on various activities of the project. It has also actively engaged the Latin American and Caribbean Network for a Sustainable Financial System (REDFIS, for its acronym in Spanish) in multiple activities.

Launched in 2024 and coordinated by GFLAC, REDFIS is a coalition of 29 organisations committed to transforming the financial sector into a more sustainable, transparent, equitable and participatory system. The network fosters regional coordination and collaboration by strengthening capacities, promoting opportunities for advocacy and joint action, and facilitating information exchange to deepen the understanding of financial transformation processes.

Lastly, GFLAC coordinates the “Friends of the NCQG,” an informal group of 94 experts and representatives from various organisations (as of March 2025). This group serves as a platform for regular exchanges on key aspects of the NCQG.