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COP31 Climate Finance Work Program

November 15 , 2026 6 hrs 0 min 7 0

COP31 adopted a standalone Climate Finance Work Programme (CFWP) in Antalya, Türkiye.
The programme provides a platform to discuss Article 9.1 of the Paris Agreement, which requires developed countries to provide climate finance to developing countries.
The New Collective Quantified Goal (NCQG), agreed at COP29 in 2024, aims to mobilise at least $300 billion annually by 2035 from developed countries and scale up global climate finance to $1.3 trillion annually.
Developing countries need around $305 billion annually by 2035 for climate adaptation, but received only $28.2–31.7 billion in international public adaptation finance in 2024.
Proposals for separate discussions on tripling adaptation finance and climate-related trade measures were dropped; India had supported discussions on adaptation finance.