Scoring fast-start climate finance: leaders and laggards in transparency
In 2009, developed countries pledged US$30 billion of ‘fast-start climate finance’. Transparent reporting on climate finance is essential for governments to plan mitigation and adaptation activities and for civil society to hold contributors and recipients to account for how climate funds are spent. This briefing presents 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. It reveals that we have a long way to go in making climate finance transparent and urgently need an international registry of funds that provides comprehensive, detailed, consistent and transparent accounting and reporting measures at the project level.