March 2025

The Climate Finance Group for Latin America and the Caribbean (GFLAC, for its acronym in Spanish), the Center for Economic and Social Rights (CESR); the Global Initiative for Economic, Social and Cultural Rights (GI-ESCR); Instituto Talanoa; Sustainable Strategic Solutions (SESSA, for its acronym in Spanish); ClimaInfo, Argentina 1.5, as members of the Latin American and Caribbean Network for a Sustainable Financial System (REDFIS, for its acronym in Spanish), welcome the opportunity to present views on the overall expectations, thematic issues and relevant multilateral initiatives related to the “Baku to Belém Roadmap to 1.3T” established by the new collective quantified goal (NCQG) on climate finance decision at the 29° Conference of the Parties (COP29) of the United Nations Framework Convention on Climate Change (UNFCCC).