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A fact sheet released by the White House said China's new climate finance commitment "included CNY 20 billion ($3.1bn) to help developing countries combat climate change and new steps to control public support for high carbon activities".
"It is far too early to say whether there is a possibility, a capacity or the will to step up our climate finance commitment as the ministers have not yet had the chance to discuss this following the US election," an EU source said.
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"Between now and 2015 our climate finance commitments will continue".
Prior finance commitments, for instance, will keep Mr. Romney from spending all three days in Ohio.
October 1, 2007: Citigroup announced it would write-down approximately $1.4 billion on funded and unfunded highly leveraged finance commitments.
Australia was also awarded the title of "Fossil of the Day" on the first day of the negotiations, by dint of Abbott's decision to not put forward any new finance commitments.
In the end, the only sensible interpretation of the concept is that it means additional to development aid that is already being offered, ie that countries would not reduce aid in order to meet climate finance commitments.
Such a dramatic fall is a tad suspicious – a cynical person might suspect some investors were being re-classed as owner occupiers in order to comply with the rules – but regardless, total finance commitments fell off during this period.
OPIC financing is key to both Obama's Power Africa Initiative as well as his administration's accounting of climate finance commitments it made in the UN climate talks.
Nielsen says it has a financing commitment for the full amount of the transaction.
It was apparently only within the last week or so that the financing commitment came together.
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