At the recently concluded Berlin ministerial, India drew attention to the "huge lack of clarity" on fast start finance and made an informal submission suggesting a reporting format that would ensure transparency and multilateral monitoring.
The proposed format is on the lines of the transparency requirements that industrialised countries set for developing countries on emission reduction.
At the Petersberg Dialogue, organised by Germany and South Africa , Environment Minister Jairam Ramesh said, "There is a huge lack of clarity on fast start finance... I am leaving aside the issue of whether the $28 billion is new and additional-that is a vexed issue in itself. But the fact that there has been no disbursement so far is extremely disappointing and is not designed to build confidence in the run up to Durban." Read the full report here.
Source: Urmi A Goswami, ET Bureau, Economic Times, New Delhi.
