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New
For further information on Fast-start Finance click here to access the newly launched
Fast-start Finance module in the Finance Portal.
Background information
During 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’.
Following up on this pledge, the Conference of the Parties in Cancún, 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.
Information document 2011
Decision 1/CP.16, para.96 called for the Secretariat to compile the information submitted by
developed country Parties on the resources provided into an information document. The information
document for 2011 can be found here:
 Information Document on
Fast-start Finance (2415 kB)
Finance Portal side event
At COP 17, the UNFCCC secretariat, together with the Global Environment Facility (GEF), organized a
side event to present the new finance portal of the UNFCCC website. One of the modules of the finance
portal comprises of information submitted in 2011 by developed country Parties in relation to the
implementation of their Fast-start Finance commitments. The web stream of this side event can be
found here:
Side
event Finance Portal
Information event
At the second part of the 14th Session of the AWG-LCA in June 2011 in Bonn the LCA Chair decided to
organize an information event on fast-start finance in order to give Parties the opportunity to
exchange information and their views on this subject, as well as to address questions related to the
contents of the submissions received by the secretariat.
Developed country Parties that had submitted their first fast-start finance reports by the time of
this session participated in this event and provided presentations on their submissions. Some
of these presentations can be found below:
Australia (1285 kB) Canada (147 kB)
European Union (391 kB)
Japan (790 kB) Norway
(181 kB)
Switzerland (128 kB) United States
of America (359 kB)
Update 9 May 2012
*) Australia provided an update report to the UNFCCC secretariat in December 2011,
some five months ahead of the official May 2012 reporting date. This report remains current. Australia
will provide a subsequent update report at the end of our second fast-start year. To ensure that the
report is as accurate as possible, it will be timed to take into account the conclusion of the
Australian financial year, which will occur on 30 June 2012.
Official communication to the Executive Secretary Christiana Figueres from the Australia
Government (108 kB)
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