The provision of US$100b in #ClimateFinance per year was promised by 2020, with a #GreenClimateFund being set up in 2010–11 and national contributions commencing in subsequent years. An updated agreement in 2012 clarified that these funds had to be "new and additional", i.e. not simply a rebranding of existing #ForeignAid. And they had to be made to the international Green Climate Fund, not via other bilateral or multilateral agreements.
Disputes over the international distribution of responsibilities for funding #ClimateMitigation and #ClimateAdaptation measures—costly measures that would benefit everyone—had long been one of the main sticking points in the decades of UN climate negotiations since 1992 when the #UNFCCC was established. (UNFCCC = United Nations Framework Convention on Climate Change, i.e. the international agreement to have international climate negotiations in the first place, and how to go about those negotiations.)
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