UNFCCC Cancun Conference Commitment - New Technologies

Date of commitment: 
December 2010
Related commitment: 


Reaffirmed previous commitment in Copenhagen of $30 billion in fast start finance until 2012 and $100 billion per year by 2020 in long-term funds to support climate change action in the developing world. Industrialized countries also pledged to increase transparency by making information available on these funds.
A process to design a Green Climate Fund under the Conference of the Parties and New Technology Mechanism is established, to be completed in 2011.


Financial commitments targets are not new. See related commitment above.


  • See the Copenhagen Accord
  • The Green Climate Fund has received pledges from several countries, including the Republic of Korea, Germany and Denmark towards its start-up costs and a management framework has been adopted to make the Fund fully operational in 2012.
  • Further arrangements have been made to make the Technology Mechanism, established to facilitate action on technology transfer, operational in 2012.
  • More progress was made towards operationalizing the Green Climate Fund and technology Mechanism, providing long-term finance for developing countries at the Doha Climate Change conference in 2012.


  • See the Copenhagen Accord
  • Green Climate Fund and Technology Mechanism did not become operational by 2012.
  • Current information on financing needs for mitigation and adaptation to climate change in developing countries is limited.


Commitments to finance are not new; see the Copenhagen Accord