The UK has committed to providing £1.5 billion in fast start finance over the period 2010-2012 for both mitigation and adaptation action. A total of £511 million has so far been approved for specific multilateral programmes (subject to demonstration of value for money and results). DECC's contribution to this figure is £250 million.
The spending review provides a total of £2.9 billion of international climate finance-called the International Climate Fund (ICF)-over the spending review period. The fund will be managed collectively by the relevant Departments. From DECC's budget, we will contribute £1 billion of the total. Ministers will decide on allocations from the ICF, including the specific programmes on which the ICF will be spent, at a later stage.