European Union’s fast start finance:
State of play
May 2010
Spanish Presidency
Bonn, 3 June 2010
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EU Heads of State and Government commited fast
start finance in December 2009:
2.4 billion annually for the period 2010-2012
This is one third of the collective fast start commitent
of developed countries within the Copenhaguen
Accord and complements substantial existing EU
climate finance flows towards developing countries
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CONFIRMED PLEDGES - May 2010
2010-2012
7.200 M€
2010
Additional pledges
2.400 M€
7.550 M€
105%
EUROPEAN
SWEDEN
CZECH
UNITED
BULGARIA
BELGIUM
AUSTRIA
NETHERLANDS
LUXEMBOURG
PORTUGAL
LITHUANIA
SLOVAKIA
GERMANY
DENMARK
HUNGARY
IRELAND
FINLAND
POLAND
GREECE
FRANCE
CYPRUS
LATVIA
MALTA
SPAIN
ITALY
SLOVENIA
COMMISSION
REPUBLIC
KINGDOM
2.390 M€
EUROPEAN
SWEDEN
UNITED
CZECH
BULGARIA
BELGIUM
AUSTRIA
NETHERLANDS
LUXEMBOURG
PORTUGAL
LITHUANIA
SLOVAKIA
GERMANY
DENMARK
HUNGARY
IRELAND
FINLAND
POLAND
GREECE
FRANCE
CYPRUS
LATVIA
MALTA
SPAIN
ITALY
SLOVENIA
COMMISSION
REPUBLIC
KINGDOM
3
SECTORAL ALLOCATION OF 2010 CONTRIBUTIONS
2.390 M€
Not allocated
1.531 M€
64%
4
BILATERAL AND MULTILATERAL DISTRIBUTION
Not allocated
2.390 M €
Bilateral
943 M €
61%
1.541 M€
65%
Multilateral
598 M €
39%
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CONTRIBUTIONS THROUGH MUTILATERAL
CHANNELS
Not allocated
597 M€
558 M€
93%
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Multilateral channels: already existing instruments
Multilateral & Regional
Institutions
CLIMATE
INVESTMENT FUND
FOREST CARBON
PARTNERSHIP
FACILITY
Others WB
205.650.000
20.500.000
2.960.000
UNFCCC and Kyoto Protocol
Funds
GLOBAL
ENVIRONMENTAL
FACILITY
LEAST DEVELOPED
COUNTRIES FUND
SPECIAL CLIMATE
CHANGE FUND
108.030.000
17.000.000
28.000.000
ADAPTATION FUND
56.000.000
CGIAR
20.180.000
UNFCCC
16.750.000
OTHERS
UN REDD
PROGRAMME
13.000.000
UN FUNDS
23.491.981
4.000.000
IADB
Global Facility for
DR&R (IADBUNESCO)
UN
Initiatives/Programmes/Funds
1.000.000
42.315.000
7
GEOGRAFICAL DESTINATION OF BILATERAL
CONTRIBUTION
Not allocated
942 M€
196.230.703
20,81%
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TYPE OF INVESTMENT
Not allocated
2.390 M€
GRANTS
1.121 M€
73%
1.528 M€
64%
SOFT LOANS
407 M€
27%
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Allocation is a dynamic process: EU is
committed to dialogue:
REDD+ Paris Oslo process: EU
contributes 1 bn US$ (2010-2012)
New partnerships: Adaptation and MRV
The EU is committed to transparency:
Detailed reports will be presented in
Cancun and thereafter on an annual
basis.
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Thank you!
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Ongoing fast start initiatives supported by MMSS and the
European Commission
¾Quick mobilisation of money: Contributions through existing
multilateral and regional institutions and bilateral channels.
¾Bilateral and Multilateral distribution: 23 Member States and the
European Commission representing almost two-thirds of the confirmed EU
pledges for 2010 have already decided what type of channels will be
used. 61% of this amount (943 M€) will be channelled through bilateral
channels and 39% (598 M€) through multilateral channels.
Adaptation:
- Global Climate Change Alliance: European Commission
-Adaptation Fund: SPAIN
-Ghana - Pacific Islands States: GERMANY
-Mali - SWEDEN
Mitigation:
- MRV, LEDS: European Commission
- Indonesia: UK
- Great Lakes Region (Africa): NETHERLANDS
- Nepal: FINLAND
- West Africa – Mexico: FRANCE
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