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RELEASE: New Global Commission Aims to Identify Pathways to Economic Prosperity and a Safe Climate

September 24, 2013
Location: NEW YORK

New Climate Economy project led by former President of Mexico Felipe Calderón, with government, business and finance leaders from 14 countries

MEDIA ADVISORY: New Global Commission to Analyze Economic Risks and Benefits of Climate Action

September 17, 2013
Location: New York City

Launch Features Former President of Mexico Felipe Calderon, Prime Minister Jens Stoltenberg of Norway, President Juan Manuel Santos of Colombia, and International Ministers and Representatives

The Norwegian Fast-Start Finance Contribution

Smita Nakhooda, Taryn Fransen, Thorvald Moe, Steffen Kallbekken, Alice Caravani

Working Paper: August, 2013

Norway is one of the largest contributors to climate finance in the world, relative to the size of its economy. In 2010 and 2011, the majority of Norway’s fast-start finance (FSF) was channeled through multilateral institutions and supported mitigation activities in developing countries, with a particular focus on efforts to reduce emissions from deforestation and forest degradation.

This working paper considers the scope and distribution of Norway’s self-reported FSF. It discusses innovative climate finance mechanisms, sources of finance that Norway counts as FSF, and whether the contribution is considered new and additional.