TAILIEUCHUNG - UK FAST START CLIMATE CHANGE FINANCE - 2012

Originally, several provisions under Dodd-Frank con- cerning swaps would have taken effect on July 16, 2011, but since such provisions required the SEC and CFTC to implement fi nal rules, that date was not achievable. 6 The effective date of most provisions was consequently delayed until December 31, 2011 or until new rules be- come effective, if earlier. 7 Importantly, any provision that references “swap,” “security-based swap,” “swap dealer,” and “major swap participant” is delayed because these defi nitions have not yet been fi nalized. 8 Once fi nalized, these provisions will set forth most of Dodd-Frank’s most stringent operating requirements. . | Department for International Development Department of Energy Climate Change Department for Environment Food Rural Affairs UK FAST START CLIMATE CHANGE FINANCE Supporting the World s poorest to adapt to climate change and promoting cleaner greener growth Marc Schlossman PANOS November 2012 Delivering Finance and Results The UK Government is committed to supporting ambitious global action on climate change and to helping developing countries carry out the urgent work that is needed to adapt to climate change to reduce their emissions including from deforestation and to exploit new opportunities to develop cleaner energy. At the UN Conference on Climate Change in Copenhagen in 2009 developed countries committed to provide new and additional resources approaching 30 billion to help meet the adaptation and mitigation needs of developing countries. This is known as Fast Start finance. As our contribution to Fast Start finance the UK Government committed to provide billion approx. billion from 2010 to 2012. The UK is on track to successfully deliver its Fast Start commitment. Our funding has supported developing countries to take urgent action on mitigation including reducing emissions from deforestation and forest degradation REDD adaptation technology development and transfer and capacity building. The UK has committed to provide billion for international climate finance as part of the rising aid commitment for the period 2011-12 to 2014-15 known as the International Climate Fund ICF . The ICF scales up UK climate finance for two years beyond the Fast Start period. Results we expect to achieve in collaboration with other donors include Supporting small-holder farmers in up to 40 developing countries adapt to climate change through for example improved water harvesting and storage flood protection irrigation systems and agro-forestry practises by 2017. In Kenya support over 70 new climate technology enterprises and provide over 104 000 households with low .

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