FINANCE PORTAL FOR CLIMATE CHANGE

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Fast-start Finance
   
Background information

At the Conference of the Parties (COP15) held in December 2009 in Copenhagen developed countries pledged to provide new and additional resources, including forestry and investments, approaching USD 30 billion for the period 2010 - 2012 and with balanced allocation between mitigation and adaptation. This collective commitment has come to be known as "Fast-start Finance" (FSF).

Following up on this pledge, the COP in Cancun, in December 2010, took note of this collective commitment by developed country Parties and reaffirmed that funding for adaptation will be prioritized for the most vulnerable developing countries, such as the least developed countries, small island developing States and Africa.

Further, the COP invited developed country Parties to submit information on the resources provided to achieve this goal, including ways in which developing country Parties access these resources by May 2011, 2012 and 2013.

At COP 17 Parties welcomed the fast-start finance provided by developed countries as part of their collective commitment to provide new and additional resources approaching USD 30 billion for the period 2010–2012, and noted the information provided by developed country Parties on the fast-start finance they have provided and urged them to continue to enhance the transparency of their reporting on the fulfillment of their fast-start finance commitments.

Fast-start Finance Module

This module comprises of information submitted in 2011, 2012, and 2013 by developed country Parties in relation to the implementation of their FSF commitments. The module allows users to search inform