For national governments party to the UN Framework Convention on Climate Change (UNFCCC), the so-called “Fast-Start Finance” (FSF) program, as the name indicates, is the investment vehicle aimed at promoting an accelerated pace of new and additional capital investment on the part of developed nations in climate change mitigation, adaptation and other climate change-focused projects in their developing nation counterparts.
Offering insight and analysis of nature and composition of individual UNFCCC member nations’ FSF contributions to date, the World Resources Institute (WRI), the Overseas Development Institute (ODI) and the Institute for Global Environmental Strategies (IGES) this week published an assessment of Japan’s, one of a series of Open Climate Network (OCN) studies.
Such independent, third-party analysis is particularly valuable given that UNFCCC member nations account for their FSF contributions differently, including different types of finance in their own reporting. OCN developers produce the FSF assessments in consultation with “a range of experts that aims to shed light on how developed countries are defining, delivering, and reporting FSF using common research methodology,” they explain. Read More→