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Fast-start Finance
 

Fast-start Finance module in the Finance Portal

For further information on Fast-start Finance click here to access the 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.

At COP 18, Parties acknowledged the delivery of Fast-start Finance by developed country Parties to fulfil their collective Fast-start Finance commitment, and invited  developed country Parties to expedite its full disbursement.


Updates    New!

Updates received by the secretariat as at 24 February 2014:

pdf-icon Australia's Fast-Start Climate Finance July 2010 - June 2013   (1280 kB)      New!


Updates received by the secretariat as at 21 November 2012:

pdf-icon Australia Progress Report November 2011; pdf-icon Sweden (46 kB) ; United States of America FY 2012


Information events

Information event 2013     

During COP 19, a side event on "Fast-start Finance - lessons learned from 2010 to 2012" took place. The overall aim of the information event was to offer developed country Parties the opportunity to present information on their final fast-start finance (FSF), as well as for Parties to engage in in-depth discussions on important lessons learned during the FSF period.

pdf-icon Programme (150 kB)
IISD coverage
Video coverage

pdf-icon Canada    (977 kB)                    pdf-icon European Union  (144 kB)            pdf-icon Japan  (395 kB)                         pdf-icon Liechtenstein (1187 kB)             pdf-icon New Zealand (156 kB)             pdf-icon Norway  (1603 kB)                 pdf-icon Switzerland (112 kB)            pdf-icon United States of America (902 kB)


Information event 2012

This event gave developed country Parties the opportunity to present and discuss their latest data on fast-start finance. Overall aim was to increase the general transparency of fast-start finance activities and to facilitate lessons learned from fast-start finance. 

Some of these presentations can be found below:

pdf-icon Australia  (1676 kB)    pdf-icon Canada (172 kB)   pdf-icon European Union (429 kB)   pdf-icon Japan (345 kB)   pdf-icon Norway (216 kB)   pdf-icon United States of America (692 kB)

Finance Portal side event 2011

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 2011

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:

pdf-icon Australia (1285 kB)   pdf-icon Canada (147 kB)   pdf-icon European Union (391 kB)   pdf-icon Japan (790 kB) pdf-icon Norway (181 kB)   pdf-icon Switzerland (128 kB)    pdf-icon United States of America (359 kB)




Submissions and Information Document 2013   

Final Fast-start Finance Information Document now available:
pdf-icon Information document 2013  

Additional annex to the submission from Japan
pdf-icon Additional annex to the submission from the European Union on behalf of its member States

Submissions received as at 2 September:

pdf-icon Australia 2010-2013 (726 kB)

pdf-icon Canada (English)  (1743 kB)   pdf-icon (French) (1701 kB)   

pdf-icon European Union  (205 kB)   pdf-icon (Annex)  (1511 kB)

pdf-icon Iceland  (85 kB)

pdf-icon Japan  (296 kB) pdf-icon (Annex) (208 kB)  

pdf-icon Liechtenstein (170 kB)

pdf-icon New Zealand (1300 kB)

pdf-icon Norway (260 kB)   

pdf-icon Switzerland (1498 kB)

pdf-icon United States of America FY 2012 (2891 kB)
 
Submissions and Information Document 2012

Information document 2012:

Information document 2012

pdf-icon Additional annex to the submission from Japan
pdf-icon Additional annex to the submission from Denmark and the European Commission on behalf of the European Union and its member States

Information document 2012, Addendum

Submissions received as at 21 November:

pdf-icon Australia (6888 kB)

pdf-icon Canada (English) (684 kB) pdf-icon (French) (809 kB)

pdf-icon European Union (203 kB) pdf-icon Annex (1253 kB)

pdf-icon Iceland (139 kB)

pdf-icon Japan (201 kB) pdf-icon Annex (117 kB)

pdf-icon Liechtenstein (225 kB)

pdf-icon New Zealand (403 kB)

pdf-icon Norway (366 kB)

pdf-icon Switzerland (1444 kB)

pdf-icon United States of America FY 2011 (635 kB)
 
Submissions and Information Document 2011
Information Document 2011:

Information Document on Fast-start Finance

Submissions received by the secretariat as at 30 June 2011:

pdf-icon Australia Update Report May 2011 (3403 kB)

pdf-icon Canada (English) (162 kB) (pdf-icon French (200 kB) )

pdf-icon European Union (326 kB) (pdf-icon Annex (392 kB) )

pdf-icon Iceland (84 kB)

pdf-icon Japan (135 kB) (pdf-icon Annex (69 kB) )

pdf-icon Liechtenstein (85 kB)

pdf-icon New Zealand (396 kB)

pdf-icon Norway (375 kB)

pdf-icon Switzerland (94 kB)

pdf-icon United States of America FY 2010 (384 kB)

 

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