The Energy Transitions Commission (ETC) has published a new report outlining the need for clarity around ‘climate finance’ and highlighting the crucial role of National Determined Contributions (NDCs) in unlocking private investment for a net-zero future. The report emphasizes the importance of defining different categories of climate finance, the role of multilateral development banks, and the need to expand the definition of contributing countries for the New Collective Quantified Goal (NCQG) at COP29.