BRUXELLES May 18 2010: The EU and its member countries agree to provide 2,4 billion (milliarder) EURO a year until 2012, as promised at the Copenhagen climate talks in December.
The Council adopted the following conclusions:
The European Council on 25th March reiterated that the EU and its Member states will implement
their commitment to provide EUR 2,4 billion annually over the 2010-2012 period for fast start
financing, in the framework of the implementation of the Copenhagen Accord; and committed the
EU and its Member States to present a preliminary state of play at the May/June 2010 UNFCCC
session.
The Ecofin Council CONFIRMS the EU and Member States’ commitments on fast start finance
over 2010-2012 and UNDERLINES that the EU and its Member States have notably advanced in
the implementation of their fast start commitments for 2010. The Ecofin ENDORSES the report on
the preliminary state of play on fast start finance commitments to be presented at the May/June
2010 Session in Bonn.
The Ecofin Council calls on the EU and its Member States to report fully and in a coordinated
manner, on their contributions to fast start climate financing, before Cancún and on a yearly basis
thereafter.
