The Dutch Environment Minister Huizinga has launched a new climate finance website to allow interested parties the option of tracking funds appropriated for green projects. At the climate summit in Copenhagen in December, developed countries pledged to provide developing countries with fast start finance approaching $30 billion for climate policy during the period 2010-2012.
The website, www.faststartfinance.org, aims to provide transparency about the amount, direction, and use of fast start climate finance. Launched on September 2, the site was created on the behalf of initiative supporters that include Columbia, Costa Rica, Denmark, Germany, Indonesia, Marshall Islands, Mexico, Norway, the UK, and Vietnam.
The organizers hope that the website will provide as much transparency as possible about climate financing before the next climate summit to be held in Cancun in late November. The website will be serviced by UNDP in close consultation with World Bank and UNEP and other UN agencies, including the UNFCCC secretariat. The UN Secretary General Ban Ki-Moon said in Copenhagen, “Clear evidence is needed before Cancun that fast start funds have started to flow in 2010.”
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