Australia committed A$599 million over three Australian financial years (FY2010/11 – FY2012/13) to the collective fast-start climate finance goal as part of its continued commitment to support developing countries in their efforts to respond to climate change.
Australia has met this commitment. A$599 million has now been allocated and fully programmed to support an array of climate change activities. This investment package has supported a range of actions to reduce carbon emissions, enhance technology development and capacity building and help developing countries adapt to the effects of climate change. Many of these activities continue to deliver results into the future.
Australia's fast-start finance investment package has also produced lessons for effective and sustainable climate outcomes.