FINANCE PORTAL FOR CLIMATE CHANGE

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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 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
AustraliaFY2010/11 – FY2012/13599.00AUDAustralia committed A$599 million over three Australian financial years (FY2010/11 – FY2012/13) to this goal as part of its continued commitment to support developing countries in their efforts to respond to climate change.This finance supported a range of activities to reduce carbon emissions, enhance technology development and capacity building, and help developing countries adapt to the effects of climate change. Australia has met its fast-start commitment. A$599 million has now been allocated and fully programmed to support a range of activities addressing climate change issues in developing countries.2013links
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
Austria2009 - 201571.82EUR 2012links
AustriaRanging from 2009 - 201440.50EUR 2011links
Austria2009-2016104.57EUR 2013links
Belgiumstarting 201092.56EUR 2013links
Belgium2010 -66.38EUR 2012links
Belgiumstarting 201042.00EUR 2011links
BulgariaStarting September 20110.02EUR 2013links
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
Canada2010-20131,200.00CADOver the last three fiscal years (2010–2011 to 2012–2013), Canada has fully delivered on its commitment to provide its fair share of fast-start financing. Over the fast-start period, $1.2 billion in new and additional climate change financing has been issued, with approximately $400 million in each of the three years. Canada’s support is producing results across the globe—to date, funds have been committed at the project level to the benefit of over 50 developing countries. This support has been delivered primarily through multilateral channels, but also directly to Canada’s bilateral partners and in partnership with civil society and the private sector. 2013links
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
CyprusStarting 20121.80EUR 2013links
Cyprus36 months from signing of Financing Agreement between EU/DFID and Nepal0.60EUR 2012links
Cyprus36 months from signing of contract0.60EUR 2011links
Czech Republic2010-20148.34EUR 2013links
Czech Republic2010 - 20137.86EUR 2012links
Czech Republic2010-20121.66EUR 2011links
Denmark2010-2017161.20EUR 2013links
Denmark2010 - 201395.07EUR 2012links
Denmark201041.37EUR 2011links
Estonia2011 - 20120.70EUR 2012links
Estonia2011-20152.99EUR 2013links
European Union (European Commission)2011-2017155.00EUR 2013links
European Union (European Commission)2011 - 2013/201450.00EUR 2011links
European Union (European Commission)2011 - 2017100.00EUR 2012links
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
European Union120122,670.00EUR 2013links
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
FinlandVarying implementation periods22.95EUR 2011links
Finland2010 - 201422.14EUR 2012links
Finland2010-201443.76EUR 2013links
France2010 - 20131,263.89EUR 2012links
France2010-2014331.96EUR 2013links
FranceVarying implementation periods425.90EUR 2011links
Germany22010 - 2016858.59EUR 2012links
Germany22010361.50EUR 2011links
Germany201/2010-12/20171,293.87EUR 2013links
Greece20104.40EUR 2012links
Greece20104.40EUR 2013links
Greece20104.40EUR 2011links
Hungary20111.00EUR 2011links
Hungary2011-20121.58EUR 2013links
Hungary20111.00EUR 2012links
Iceland2011 and 20121.00USDIceland 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. The contribution was new and additional to existing ODA, and for this reason a separate item was included on environmental and climate change matters in international development cooperation in the State budget as of 2012.2013links
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
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
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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 - 06.2012145.900AUDAustralia'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 - 06.2012599.000AUDProjected disbursements as at 30 June 2013 (final third)2012links
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
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
Australia2010-2011104.680AUDAdaptation 52%2011links
Australia2010-201148.312AUDMitigation REDD+ 24%2011links
Australia2010-201148.312AUDOther Mitigation 24%2011links
Austria2009-20160.630EUROthers2013links
Austria2009-20168.100EURAdaptation2013links
Austria2009-20168.104EURAdaptation/Mitigation2013links
Austria2009 - 20151.500EURAdaptation / mitigation2012links
Austria2009 - 201542.469EURMitigation2012links
Austria2009 - 20150.038EURREDD+2012links
Austria2009 - 20155.394EURMitigation / adaptation2012links
Austria2009 - 20156.800EURAdaptation / capacity building2012links
Austria2009 - 20157.520EURMitigation / capacity building2012links
Austria2009 - 20158.100EURAdaptation2012links
Austria2009-201651.849EURMitigation2013links
Austria2009-201622.520EURAdaptation/Capacity building2013links
Austria2009-20160.058EURREDD+2013links
Austria2009-201435.900EURMitigation2011links
Austria2009-20142.000EURMitigation, capacity building2011links
Austria2009-20142.600EURAdaptation2011links
Austria2009-201613.310EURMitigation/Capacity building2013links
Belgium201020.300EURMitigation2011links
Belgium201010.000EURAdaptation2011links
Belgiumstarting 201019.000EURTechnology Transfer2013links
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
Belgiumstarting 201031.200EURAdaptation2013links
Belgiumstarting 201022.496EURMitigation2013links
Belgiumstarting 20107.871EURAdaptation/Mitigation2013links
Belgiumstarting 20101.820EUROthers2013links
Belgiumstarting 20100.174EUROther/Capacity building2013links
Belgiumstarting 201010.000EURREDD+2013links
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1 Note for European Union. In some cases information is only a sample of projects that has been made available, thus the individual figures do not necessarily add up to the sum total made available by a specific Member States.

2 Note for Germany.