A website launched on Friday will help track whether rich countries are keeping a pledge to come up with $30-billion in climate aid for the poor, seen by the United Nations (UN) as a "golden key" to progress in talks on global warming.
The UN-backed site (www.faststartfinance.org) so far lists cash promises by six European donors including Germany and Britain and 27 recipients from Bangladesh to the Marshall Islands. Many of the developing nations have blank entries on the amount of aid received.
Rich countries promised at a UN climate summit in Copenhagen in 2009 to provide poor nations with "new and additional" climate funds "approaching $30-billion" for 2010 to 2012. Until now, there has been no official site to track compliance.
Countries fill in their own entries on the website, without checks.
"I strongly called on other countries to join," Dutch Environment Minister Tineke Huizinga said of the Dutch-led initiative during a meeting of 46 nations in Geneva reviewing financing for the fight against climate change... [More] From Polity.org.za
Why this initiative?
www.faststartfinance.org aims to provide transparency about the amount, direction and use of fast start climate finance, in turn building trust in its delivery and impact.
Development of the website was initiated by the government of the Netherlands, with support from the governments of Costa Rica, Colombia, Denmark, Germany, Indonesia, the Marshall Islands, Mexico, Norway, the United Kingdom and Vietnam.
The website was launched by Ms. Tineke Huizinga, Minister of the Environment and Spatial Planning of the Netherlands, at the Geneva Dialogue on Climate Finance, on 2 September 2010...