The Climate ‘Fiscal Cliff’: An evaluation of Fast Start Finance and lessons for the future

Shortly before the Fast-Star-Finance commitment period for Annex I countries (30 bilion US$ for mitigation and adaptation in poor countries between 2010 and 2012)  ends, Oxfam publishes an analysis of the money provided. According to the report only 33% of the funds is “fresh” money. Only 21%  of the funds were available for urgently needed adaptation measures to deal with climate change impacts. The report is published on the occasion of the UN climate conference in Doha, Qatar. In Doha negotiators are discussing how to continue the financial support after the end of the Fast-Start-finance period.