The Norwegian fast start climate finance contribution
This Working Paper is part of a series of studies initiated by The Overseas Development Institute, ODI, scrutinizing how developing countries are defining, delivering and reporting on fast start finance – FSF. Norwegian climate finance, unlike most other developed countries, is solely based on public grants. The main share of Norwegian bilateral climate finance has gone to mitigation measures under the REDD+ program. The Norwegian International Climate and Forest Initiative (NICF) was launched at the COP 13 at Bali in 2007. Over the five years from 2006 to 2011, the Norwegian total ODA budget increased to NOK 27.7 billion, or some 4.6 billion USD – around 1 per cent of Gross National Income. Over the same period bilateral climate finance increased from 3 to 23 per cent of Norwegian ODA. The total Norwegian grants-based contributions to climate finance adds up to some USD 709 million for 2010, and some USD 773 million in 2011 according to official accounts.
Norwegian authorities reports according to decision 1/cp.16 (Cancun Agreements – AWGLCA outcome). These are public, transparent and readily available on the UNFCCC web page.