The Climate Funds Update data is now current as of June 2013. This brief note highlights new developments including pledges, approvals, and disbursements.
New Climate Finance pledges March 2013 – May 2013:
On 24th May 2013 Sweden’s government announced a new pledge to the Adaptation Fund of USD 15 million, making Sweden the biggest donor to the Fund with a total committment of USD 59.21 million. Canada is a new contributor to the Congo Basin Forest Fund (CBFF) with a pledge of USD 21.02 million. Spain increased its pledge to the UN-REDD Programme by USD 2.42 million.
New approvals and disbursements March 2013 – May 2013:
Enhanced transparency and disclosure practices:
The Adaptation Fund, as it now reports ‘live’ information on projects’ disbursements as well as project performance reporting. The Amazon Fund now reports detailed information on the contributions made to the fund, distinguishing ‘committed’ and ‘received’ funding, and on the projects side, distinguishing between different types of project management. The Climate Investment Funds (CIFs) provide project by project information on disbursements, but only on public projects; private projects are not disclosed for confidentiality reasons. Both the Adaptation Fund and the Climate Investment Funds have committed to adopting the International Aid Transparency Initiative standard.