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Contributing Parties

This section provides general information on the Fast-start Finance (FSF), as provided in the respective submissions by developed countries. The information is provided as project-based and as general level information, referring to external links for more detailed information.

To filter by "Party" select from the drop down list. By selecting a particular "Contributing Party", you will be directed to the country report.

Additional information, whenever provided by Parties, is included in the tab "Detailed Information".

General Information

Contributing PartyPeriodAmount (millions)CurrencyDescriptionReportLinks
Australia06.2010 - 06.2012380.00AUDAustralia’s A$599 (US$603) million climate finance investment package is new and additional, on track and delivering results. At 30 June 2012, Australia had allocated A$563 million (94 per cent) of its fast-start finance to adaptation and mitigation initiatives that will deliver real outcomes in developing nations. Some A$380 million (63 per cent) has already been disbursed. Australia’s fast-start finance is fully grant-based, and is balanced between adaptation (52 per cent) and mitigation (48 per cent). It is new and additional, being drawn from a growing aid budget, and is not displacing funding from existing Australian aid programs. Around one third of Australia’s total finance will go to small island developing states, and around one quarter will go to least developed countries. With Australia’s help, significant initiatives are also underway to assist developing countries implement policies to reduce their emissions and prepare for a low carbon future. This includes financial support for the development of low carbon growth plans, renewable energy and energy efficiency projects, and building capacity to participate in carbon markets.2012links
Australia06.2010 - 06.2011201.30AUDOne third of FSF package; Australia's fast-start finance is supporting a range of on-the-ground activities, in partnership with developing countries, communities and multilateral initiatives. In June 2010 Australia announced it would contribute AUD $ 599 million to fast-start financing for climate change, this amount is fully pleadged. Australia has now allocated AUD $498 million or 83 per cent of its fast-start package.2011links
Australia06.2010 - 06.2012380.00AUDAustralia's fast-start finance is: Grant based.Balanced between adaptation (52%) and mitigation (48%) measures (24% being directed to reducing deforestation and forest degradation in developing countries (REDD+) and another 24% being directed to other mitigation activities.). Strongly focused on countries most vulnerable to the effects of climate change, with small island developing states (SIDS) receiving around one third of funding and least developed countries (LDCs) receiving approximately one quarter. Drawn from a growing aid budget, it does not displace funding from existing aid programs.Update 2011links
AustriaRanging from 2009 - 201440.50EUR 2011links
Austria2009 - 201571.82EUR 2012links
Belgiumstarting 201042.00EUR 2011links
Belgium2010 -66.38EUR 2012links
Bulgaria2011 -0.02EUR 2012links
CanadaFY 2011/2012394.39CADCanada will provide its fair share of fast-start financing, namely $1.2 billion in new and additional climate change financing during the fast-start financing period. Canada's fast-start financing is new and additional to other climate change financing committed prior to Canada's association with the Copenhagen Accord. Over $394 million was issued to our delivery partners in Canada's fiscal year 2011- 2012, year 2 of the fast-start financing period.2012links
Canada2010 - 2011400.00CADCanada will provide its fair share of fast-start financing, namely $1.2 billion in new and additional climate change financing during the fast-start financing period. Canada's fast-start financing is new and additional to other climate change financing committed prior to Canada's association with the Copenhagen Accord. $400 million was issued to delivery partners in Canada's fiscal year 2010-2011, year 1 of the fast-start financing period.2011links
Cyprus36 months from signing of contract0.60EUR 2011links
Cyprus36 months from signing of Financing Agreement between EU/DFID and Nepal0.60EUR 2012links
Czech Republic2010-20121.66EUR 2011links
Czech Republic2010 - 20137.86EUR 2012links
Denmark201041.37EUR 2011links
Denmark2010 - 201395.07EUR 2012links
Estonia2011 - 20120.70EUR 2012links
European Union (European Commission)2011 - 2017100.00EUR 2012links
European Union (European Commission)2011 - 2013/201450.00EUR 2011links
European Union120102,340.00EURPart of its overall commitment to provide EUR 7,2 billion cumulatively over the period 2010 – 2012. Grants: 45%, Loans, Equities or others: 55%; Most EU fast start finance is provided through Member State budgets and is allocated on the basis of national decisions. Despite the difficult economic situation and strong budgetary constraints, all 27 Member States and the European Commission are contributing to this funding. Member States' fast start contributions are voluntary and not based on any distribution key. They do not prejudge any burden sharing for future global climate financing.2011links
European Union120112,330.00EURIn accordance with developed countries' commitments under the Copenhagen Accord, the EU and its Member States have mobilised in total €4.59 billion (USD 6.39 billion) of fast start finance in 2010 and 2011 as part of its overall commitment to provide €7.2 billion cumulatively over the period 2010 - 2012. The funds committed in 2011 to date are € 2.33 billion. These are preliminary figures as the accounting year for many Member States has not been concluded yet. Considering the economic and fiscal challenges we are faced with, this demonstrates our strong commitment to deliver on the Cancun agreement and to the G20 commitment to fight climate change. Most EU fast start finance is provided through Member State budgets and is allocated on the basis of national decisions. Despite the difficult economic situation and strong budgetary constraints, all 27 Member States and the European Commission are contributing to this funding. Member States' fast start contributions are voluntary and not based on any distribution key. They do not prejudge any burden sharing for future global climate financing. The EU continues to be the largest contributor of climate finance flows to developing countries and has been so since well before Copenhagen. These climate finance projects and activities are closely aligned with the objectives for fast start finance. The EU and its Member States remain firmly committed to these broader climate finance activities. In addition to fast start finance, the EU will continue to make available considerable amounts of funds for the period 2010-2012 in support of climate actions in developing countries, such as via the European Investment Bank (EIB) which provides diversified financing (with some elements of concessionality). This financing also helps leverage additional investments including from the private sector.2012links
Finland2010 - 201422.14EUR 2012links
FinlandVarying implementation periods22.95EUR 2011links
FranceVarying implementation periods425.90EUR 2011links
France2010 - 20131,263.89EUR 2012links
Germany22010361.50EUR 2011links
Germany22010 - 2016858.59EUR 2012links
Greece20104.40EUR 2011links
Greece20104.40EUR 2012links
Hungary20111.00EUR 2011links
Hungary20111.00EUR 2012links
Iceland20110.50USDIceland is committed to assist developing countries adapt and mitigate the adverse effects of climate change. In 2010 the Government of Iceland decided to commit 1 million US dollars to Fast Start Financing to be disbursed in 2011 and 2012, 500.000 US dollars each year. The contribution is new and additional to current ODA, and for this reason a separate item has been included on environmental and climate change matters in international development cooperation in the State budget as of 2012. Iceland's Fast Start Finance is divided between adaptation, mitigation and capacity building, and gives special attention to women's empowerment in the field of climate change and increasing access to renewable energy sources. The funding is on grant basis and is divided between multilateral and bilateral assistance. Focus is given to Iceland's bilateral partners countries, which are all among the LDCs. In June 2011, the Icelandic parliament adopted a parliamentary resolution on a Strategy for Iceland's Development Cooperation 2011-2014. The Strategy is based on a holistic approach to development policy, and accordingly covers multilateral and bilateral cooperation, humanitarian assistance and peace-building efforts. The Strategy also identifies international development cooperation as one of the key pillars of Iceland‘s foreign policy. The Strategy introduces time-bound targets to reach the 0.7% target within the next 8 years. It lays out a gradual increase in ODA levels, with the aim of reaching 0.5% in 2017, but in 2011 the ODA level amounted to 0.21%. One of the priority areas in the new strategy is environmental sustainability which has been identified as a cross-cutting theme. As a part of this priority area, climate change related development efforts will play an increasingly important role.2012links
Iceland20110.50USDIn 2010 the Government of Iceland decided to commit 1 million US dollars to Fast Start Financing to be disbursed in 2011 and 2012, 500.000 US dollars for each year. Iceland's Fast Start Funding is divided between adaptation, mitigation and capacity building, and gives special attention to women's empowerment in the field of climate change and increasing access to renewable energy sources. The funding is grant-type funding and is divided between multilateral and bilateral assistance. Focus is given to Iceland's bilateral partner countries, which are all among the LDCs.2011links
Ireland2010 - 201257.25EUR 2012links
Ireland2010, 2012 - 201224.25EUR 2011links
Italy2008 - 2015446.36EUR 2012links
ItalyVarying implementation periods297.72EUR 2011links
Japan01.2010 - 03.20119,700.00USDIf limited to public financing and projects implemented from January 2010 onwards amount implemented would be USD $6.3 billion. In December 2009, Japan announced the assistance of approximately USD $15 billion including public and private financing, of which public finance comprises approximately USD $11 billion, as the assistance to developing countries up to 2012 to address climate change (announced as the “Hatoyama Initiative”)2011links
JapanJanuary 2010 - February 20129,600.00USDOut of approximately USD 15 billion of the Fast-Start Finance announced in December 2009, more than USD 13.2 billion has already been implemented as of 29 February 2012. However, if the Fast-Start Finance is limited to projects or programs based on public financing newly implemented during the period between January 2010 and February 2012, the amount of the implemented assistance would be more than USD 9.6 billion. Japan's assistance to developing countries is composed of two main types of assistance. One is Official Development Assistance (ODA) such as grant aid, technical assistance, concessional loan and contribution to multilateral funds, which are implemented by relevant ministries and agencies, Japan International Cooperation Agency (JICA) and other institutions. The other includes Other Official Flow (OOF) such as co-financing of the Japan Bank of International Cooperation (JBIC), and private financing catalyzed by the basis of public financing. It should be noted that Japan's assistance for developing countries accords importance to establishing a mechanism that not only ensures the effective use of public financing, but also facilitates the mobilization of private financing. Large-scale projects on infrastructure, such as the introduction of facilities with high energy efficiency and the construction of electric power transmission facilities, will require massive investment, and thus leveraging the private financing would be crucially important (this is why Japanese private financing of approximately USD 3 billion had already been mobilized for assistance to developing countries, as of 29 February 2012, though this figure is not counted as the Fast-Start Finance in this report).2012links
Latvia2010 - 20110.01EUR 2012links
Latvia2010 - 20110.01EUR 2011links
Liechtenstein20110.70CHFStrives to allocate these official funds in a balanced manner by fostering climate projects, which are reflecting client needs as regards sustainable development and which are politically supported by the respective authorities. With decision RA 2010/2004 of September 14 the Liechtenstein Government decided to supplement the budget line "International Humanitarian Cooperation and Development" by an amount of CHF 0,7 million for the years 2011 and 2012. These CHF 0,7 are additional to Liechtenstein's climate financing and Official Development Aid of the previous years. Liechtenstein understands that this amount of CHF 20/cap. /y reflects a fair burden sharing - a formula which is based on both the capacity to pay and the level of emission. Furthermore Liechtenstein seeks to supplement its national contribution by private or institutional sources.2011links
Liechtenstein20110.70CHFIn addition to its ODA, as part of the global effort, Liechtenstein has committed fast-start financing of up to a total amount of USD 58/per capita in grant funding over the period from May 2010 to May 2012; from this total amount USD 18.6/per capita has been raised with the help of Public Private Partnerships (PPP); Project actions and components: show a need driven approach, because they are developed by recipients and reflect their priorities; allow recipients to gain ownership of the processes and projects; activate the self-organization of local populations; support socially, economically and environmentally friendly initiatives; contribute to solving gender problems, empowering women, raising awareness among young people and civil society and finally strengthening peace and security. In general, support is given to development country partners to help them both adapt to and mitigate the effects of climate change. For the sake of performance and efficiency, Liechtenstein prefers a bilateral allocation of fast-start projects. Therefore the realization of projects is focused on traditional cooperation partners under the umbrella of the Mountain Partnership or partners of the Liechtenstein Development Service (LED). With regard to the implementation of efficient and effective development policies, both partnerships and networks are indispensable: partnerships, which for their mutual benefit, are embracing governments, institutions and civil society. Such Public Private Partnerships (PPP) with their potential for mobilizing private funds and knowledge in order to carry out governmental obligations and at the same time making best use of each partners strengths must much more determine successful environment and development policies in future as they do today. Therefore, from the very start of its fast start financing, Liechtenstein strived for supplementing its national fast start contributions by private or institutional sources.2012links
Lithuania2010 / 20110.11EUR 2012links
LithuaniaVarying implementation periods0.02EUR 2011links
Luxembourg2010 - 20116.00EUR 2012links
LuxembourgVarying implementation periods3.00EUR 2011links
Malta2008 - 20100.45EUR 2012links
Malta20100.15EUR 2011links
NetherlandsVarying implementation periods302.24EUR 2011links
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Detailed Information

Contributing PartyPeriodAmount (millions)CurrencyDescriptionReportLink
Australia06.2010 - 06.2012248.200AUD Australia's fast-start finance is primarily being invested through two Australian flagship initiatives, which have been extended and expanded under fast-start, one is the A$328.2 million International Climate Change Adaptation Initiative (ICCAI), of which A$248.2 million is fast-start, the other is the International Forest Carbon Initiative (IFCI)Update 2011links
Australia06.2010 - 06.2012599.000AUDProjected disbursements as at 30 June 2013 (final third)2012links
Australia06.2010 - 06.2012145.900AUDAustralia's fast-start finance is primarily being invested through two Australian flagship initiatives, which have been extended and expanded under fast-start, one is the A$273 million International Forest Carbon Initiative (IFCI), of which A$145.9 million is fast-start, the other is the International Climate Change Adaptation Initiative (ICCAI)Update 2011links
Australia06.2010 - 06.2012381.400AUDDisbursed (as at 30 June 2012) (second third)2012links
Australia06.2010 - 06.2012201.300AUDDisbursed (as at 30 June 2011) (first third)2012links
Australia06.2010 - 06.2012563.000AUDAllocated (as at 30 June 2012) (94%)2012links
Australia06.2010 - 06.2012290.000AUDMitigation (48%)2012links
Australia06.2010 - 06.2012309.000AUDAdaptation (52%)2012links
Australia06.2010 - 06.20129.100AUDTo increase energy access from renewable energy for low income countries through the Climate Investment Funds.2012links
Australia06.2010 - 06.201210.000AUDWorld Bank’s Partnership for Market Readiness to support emerging carbon markets in developing countries2012links
Australia06.2010 - 06.201224.000AUD Least Developed Countries Fund to support capacity building for adaptation2012links
Australia06.2010 - 06.2012148.500AUDThrough Australia’s International Climate Change Adaptation Initiative (ICCAI)2012links
Australia2010-201148.312AUDOther Mitigation 24%2011links
Australia2010-201148.312AUDMitigation REDD+ 24%2011links
Australia2010-2011104.680AUDAdaptation 52%2011links
Australia06.2010 - 06.2012309.000AUDAcknowledging the importance of adaptation to countries particularly vulnerable to the effects of climate change, Australia has committed A$309 million of its fast-start finance to adaptation activities. 2012links
Austria2009 - 20155.394EURMitigation / adaptation2012links
Austria2009 - 20156.800EURAdaptation / capacity building2012links
Austria2009 - 20157.520EURMitigation / capacity building2012links
Austria2009 - 20158.100EURAdaptation2012links
Austria2009-20142.600EURAdaptation2011links
Austria2009 - 201542.469EURMitigation2012links
Austria2009 - 20150.038EURREDD+2012links
Austria2009-201435.900EURMitigation2011links
Austria2009-20142.000EURMitigation, capacity building2011links
Austria2009 - 20151.500EURAdaptation / mitigation2012links
Belgium201020.300EURMitigation2011links
Belgium201010.000EURAdaptation2011links
Belgium20101.700EURAdaptation, Mitigation2011links
Belgium201010.000EURREDD+2011links
Belgium2010 -10.000EURREDD+2012links
Belgium2010 -10.000EURTechnology transfer2012links
Belgium2010 -20.000EURMitigation: renewable energy sector2012links
Belgium2010 -4.375EURMitigation / adaptation2012links
Belgium2010 -20.500EURAdaptation2012links
Belgium2010 -1.500EURMitigation2012links
Bulgaria2011 -0.020EURMitigation2012links
CanadaFY 2010/20117.000CADImprove food security and resilience to climate change in local communities; Combined with $8 million from other international assistance resources, for a $15 million total contribution to the World Food Program.2012links
CanadaFY 2011/20120.140CADThe Congo Basin countries are the home to nearly 100 million people, of which some of the world's poorest people, many of whom depend on the forest for their livelihoods. As such, sustainable management of the Congo Basin is key to improving living conditions while minimizing the impact on the local and global environment. As a compliment to its investment in the Congo Basin Forest Fund, Canada is providing $2 million to support technical assistance to working groups on climate change, forestry governance, biodiversity, and desertification in the Congo Basin region through the Congo Basin Forest Partnership (CBFP) Facilitation, with $1.86 million to be delivered in year three.2012links
CanadaFY 2011/20120.650CADThe UNFCCC Supplementary Fund provides developing countries with technical activities that help them implement their goals and commitments under the UNFCCC, such as having high quality national inventories, deploying clean technology, or developing national adaptation strategies. This contribution is part of a $1.65 million contribution over years 2 and 3.2012links
CanadaFY 2011/201220.000CADCanada's $20 million contribution to the Congo Basin Forest Fund provides support for the implementation of sustainable forest management projects and the promotion of conservation and sustainable management. The Congo Basin in Central Africa is home to one-quarter of the world's tropical forests. This vast area is critical for regional and global ecological services as it acts as a carbon sink and catchment basin. The Congo Basin countries are the home to nearly 100 million people, of which some of the world's poorest people, many of whom depend on the forest for their livelihoods.2012links
CanadaFY 2011/201210.000CADThis contribution supports capacity building to produce scientific advice and expert assessments to guide adaptation investments and policy decisions in Asia. Canada's $10 million fast-start financing contribution is being delivered to institutions based on a call for proposals.2012links
CanadaFY 2011/2012100.000CADCanada is contributing $200 million in fast-start financing to the Clean Technology Fund (CTF) of the Climate Investments Funds (with $100 million delivered in Canada's fical year 2011/12 and $100 million in 2012/13). The Climate Investment Funds are a pair of funds to help developing countries pilot low-emissions and climate-resilient development. Canada was already a leading contributor in the Pilot Program for Climate Resilience (PPCR) of the CIFs, with $100M provided as a grant over 2008/09-2009/10. The CTF promotes scaled-up financing for demonstration, deployment and transfer of low-carbon technologies with significant potential for long-term greenhouse gas emissions savings. Consistent with a decision of the CIF Board, Canada's contribution to the CTF will support the investment plans of projects in Chile, Nigeria and India.2012links
CanadaFY 2011/20120.600CADThis contribution provides support for the development and implementation of Nationally Appropriate Mitigation Actions (NAMAs) in the oil & gas sectors. This $1.1 million contribution for Canada's fiscal year 2011/12 (year 2 of fast-start financing) is part of a $3 million contribution to be delivered over year 2 and 3. Canada funds specifically supports projects in Colombia, Ghana, Mexico and Peru. 2012links
CanadaFY 2012/201318.450CADIncremental portion of Canada's annual contribution to the GEF; $18.5 million in each of the three years of fast-start financing will be used for the incremental portion of annual payments for Canada’s contribution to the Fifth Replenishment of the GEF (2010/14), which is a total of $238 M, representing a more than 50% increase over the Fourth Replenishment.2012links
CanadaFY 2011/2012200.000CADThe Canadian Climate Fund for the Private Sector in the Americas is a new fund that will co-finance, together with the Inter-American Development Bank (IDB), the Inter-American Investment Corporation (IIC) and/or the Multilateral Investment Fund (MIF) resources, select private sector projects that do not benefit from a sovereign guarantee and require concessional loans or guarantees in order to be viable. The Fund investments may include, but are not limited to, renewable energy, energy efficiency, transportation, greenhouse gas emission reduction and abatement projects including forestry, agriculture and land-use changes, as well as projects associated with adapting to climate change vulnerabilities. This contribution is part of a $250 million contribution, with $50 million to be delivered in year 3.2012links
CanadaFY 2011/20127.500CADIn Africa's arid zones, water resources are hot spots for disease transmission - a situation worsening under climate change. IDRC launched this initiative to build African countries' resilience to vector-borne diseases (VBD). This initiative will explore how VBD control strategies can help vulnerable groups adapt to climate impacts, improve capacities in Africa to generate knowledge and apply it in policies that protect health.2012links
CanadaFY 2011/20120.150CADThis initiative supports the assessment by Honduran experts and officials of the vulnerability of public infrastructures to climate impacts. This contribution of $150,000 for Canada's fiscal year 2011-12 (year 2 of the fast-start period), is part of a $750,000 contribution to be delivered over year 2 and 3.2012links
CanadaFY 2011/20125.000CADThe Forest Carbon Partnership Facility (FCPF) is a World Bank-managed facility created in 2008 to assist developing countries in their efforts to Reduce greenhouse gas Emissions from Deforestation and forest Degradation plus improve conservation, sustainable management of forests and enhancement of forest carbon stocks (REDD+). In addition to financial assistance, the FCPF builds capacity to understand and address REDD+ issues, and engages in REDD+ readiness planning. To complement its investment in the Forest Carbon Partnership Facility Readiness Fund, Canada provided $5 million to the Carbon Fund to assist developing countries reduce greenhouse gas emissions from deforestation and forest degradation.2012links
CanadaFY 2011/201218.450CAD$18.5 million in each of the three years of fast-start financing will be used for the incremental portion of annual payments for Canada’s contribution to the Fifth Replenishment of the GEF (2010/14), which is a total of $238 M, representing a more than 50% increase over the Fourth Replenishment. Under GEF5, in large developing countries, emphasis is placed on market demonstration and commercialization of innovative technologies, while in small low-income countries, GEF support focuses on deployment and diffusion of commercially available technologies through investment, capacity building and technical cooperation.2012links
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