The ICI as a part of Germany’s fast start commitment
One of the key issues in the current negotiations is that of how to finance climate protection and adaptation measures. Developing countries in particular need financial support here. The industrialised countries will honour their responsibilities in this context: the Cancún Agreement reaffirms the pledge made in the Copenhagen Accord to mobilise 100 billion US dollars a year by 2020 to address the climate needs of developing countries. The industrialised countries also committed to providing new and additional official resources to the amount of 30 billion US dollars as “fast start financing” for the period from 2010 to 2012. The German Government is contributing a total of 1.26 billion euros to this fast start pledge. These funds are additional to the climate related support already provided. A balanced allocation between measures in the field of mitigation, adaptation and natural carbon reservoirs, particularly woods, is envisaged. Germany already made available fast start financing amounting to 858.6 million euros in 2010 and 2011; for 2012 a total commitment of 471 million euros is planned. The International Climate Initiative (ICI) is an important part of Germany’s fast start commitment.
The funds are deployed by the Federal Ministry for Economic Cooperation and Development (BMZ) and the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) via multilateral and bilateral projects and are broken down as follows:
The funds are deployed by the Federal Ministry for Economic Cooperation and Development (BMZ) and the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) via multilateral and bilateral projects and are broken down as follows:
Germany reports regularly to the UNFCCC Secretariat on the precise use of its fast start financing as implementation proceeds; specific project reports can be accessed on the international Fast Start website www.faststartfinance.org
