Fast-Start Financing

The Government of Canada supports international action that strengthens the capacity of countries that are vulnerable to the impacts of climate change. As outlined in the Copenhagen Accord, Canada, together with other industrialized countries, will provide funding to help developing economies reduce emissions and adapt to climate change. Under the Copenhagen Accord, developed countries committed to provide fast-start financing approaching US$30 billion for 2010-2012 to support climate change mitigation and adaptation in developing countries.

As a constructive and active Party to the United Nations Framework Convention on Climate Change (UNFCCC), Canada has significantly scaled up its climate change related support to accelerate global progress and effective action by all countries with an overall commitment of $1.2 billion in new and additional climate change financing for the fiscal years 2010/11, 2011/12 and 2012/2013. Canada continues to deliver on this commitment under the Copenhagen Accord, providing its fair share of new and additional fast-start financing to support climate change actions in developing countries.

Canada's support primarily focuses on three broad areas: adaptation by the poorest and most vulnerable countries; clean energy; and, forests and agriculture. For more information on fast-start financing initiatives and projects undertaken under each category, click on the following links:

Adaptation

Clean Energy

Forests and Agriculture

Multi-Sector

Canada has submitted information on its 2010-11 and 2011/12 fast-start financing commitment to the United Nations Framework Convention on Climate Change (UNFCCC):

May 2012 Canadian Submission on Fast-Start Financing

May 2011 Canadian Submission on Fast-Start Financing