Copenhagen Climate Deal to Undergo 2-Year Test

The climate change accord reached during the December summit in Copenhagen will undergo a two-year test despite a lack of guidelines on who should receive aid,

report. Under this test run, rich countries will provide up to USD30 billion in fast-track funds from 2010 to 2012. Donors are expected to decide on their own on how to spend their money, given the lack of guiding mechanisms.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.