Towards the end of the most hilarious annual conference on climate change in the world, Doha's COP 18, finance is still a big issue to handle. The year of 2012 is crucial, because it is the last year for Fast Start Finance to flow, and, starting 2013, a USD 100 billion by 2020 should be dispursed from developed countries to developing countries.
Numbers are not yet on the table, except one from UK that’s pledging for £ 2,9 billion by 2015, which was announced through their press conference in Doha, on December 4th 2012. EU, with their unfinished budget discussions back home, is definitely got pushed by NGOs to give some numbers, ensuring that they will continue their funding. Too many statements from developed countries, saying ‘we will continue funding’, is unaccceptable. A predictability of the funding is highly crucial, as well as having a clear pathway towards the USD 100 billion to 2020.
Learning from the Fast Start Finance for the last two years, developing countries have learned, that certainty of finance sources is highly needed. Climate finance should be new and additional than the existing funding. Therefore, transparency, of course, should be on board for developed countries to regain the trust of developing countries.There are so many innovative resources that can be explored by the developed countries. Even the long term finance workshops that have happened twice in 2012 (not to mention the webminars), have clearly showed that those sources of fund are real and possible, to meet the USD 100 billion by 2020.
Pledge, people, pledge! Not only the financial pledge, but also your emission reduction pledge. And please, leave the hot air behind.