(2011), "Dutch site seeks to shed light on climate funds", International Journal of Climate Change Strategies and Management, Vol. 3 No. 3. https://doi.org/10.1108/ijccsm.2011.41403caa.004
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Copyright © 2011, Emerald Group Publishing Limited
Dutch site seeks to shed light on climate funds
Article Type: News From: International Journal of Climate Change Strategies and Management, Volume 3, Issue 3
Six European countries have detailed their fast-track climate pledges on a new web site launched by the Dutch environment ministry. The site aims to provide transparency over where the money comes from and how it will be spent. The Netherlands, the UK, France, Germany, Norway and Denmark are the first to list their individual pledges on www.faststartfinance.org. They offer varying levels of detail over how the money relates to existing overseas development aid commitments and whether it will be spent on mitigation or adaptation.
The EU promised developing nations €2.4bn a year from 2010 to 2012 in fast-track climate funding as part of the Copenhagen Accord. NGOs like Oxfam have repeatedly pushed for greater transparency over the funds, which are necessary to rebuild trust between rich and poor nations after the acrimonious Copenhagen Climate Summit.