The climate finance cliff
An evaluation of Fast Start Finance and lessons for the future
Published: Nov 24, 2012
At the 2009 Copenhagen talks, developed countries committed to pay $100 billion per year by 2020 of climate finance and agreed to make a down payment of $30 billion for 2010-12, called ‘Fast Start Finance.’ At the 2011 Cancun talks the Green Climate Fund was established to channel the $100 billion commitment. In just over a month, the Fast Start Finance period will end but the Green Climate Fund remains empty.