Scoring fast-start climate finance: leaders and laggards in transparency

In 2009, developed countries pledged US$30 billion of ‘fast-start climate finance’ — new and additional funding, with ‘balanced’ allocation between mitigation and adaptation, to be provided during 2010–12. The need for transparency in how these promises are fulfilled is plain: unless developing countries know how much money to expect, when and for what, they cannot effectively plan their efforts to address and respond to climate change. But a new scorecard, based on the extent to which developed countries meet a set of common-sense criteria in their climate finance reports to the UN, reveals that we have a long way to go in making climate finance transparent.