Business View Caribbean - Mar 2024

delayed promises of the 100 billion goal. The urgent delivery of the NCQG to SIDS and other developing countries is a consequential catalyst for achieving the Paris Agreement’s goals. The era of implementation is upon us, and we cannot miss this precious window to write a better chapter for our world.” a laser focus on implementing the COP28 Energy Package and advancing new, significantly more ambitious Nationally Determined Contributions (NDCs) which will lock us on a firm track to maintaining the 1.5°C goal and place us on a pathway to net- zero by 2050. We urge all countries to demonstrate diligence and good faith by submitting updates to their 2030 and NDCs with 2035 targets before the February 2025 deadline. “Importantly, setting a robust New Collective Quantified Goal on Climate Finance (‘NCQG’) is key. Implementation of effective climate action is impossible without it.We cannot have a repeat of the 8 BUSINESS VIEW CARIBBEAN VOLUME 11, ISSUE 03