Germany’s fast-start finance (FSF) contribution reflects a significant focus on financing climate action in developing countries. Germany exceeded its self-defined FSF pledge for the 2010-2012 FSF period, providing a total of EUR 1.29 billion, and also pledged to deliver EUR 1.8 billion in 2013. It is also one of the few countries to have published and adhered to a specific definition of what constitutes “new and additional” climate finance.
This working paper provides policymakers and other climate finance practitioners with an assessment of German FSF project data. It examines characteristics of the finance such as channeling institutions employed and the extent of support for mitigation and adaptation activities. It also discusses innovative institutions for climate finance, Germany’s definition of additionality for FSF, and the degree to which the finance might be considered new and additional.