Fast-start And Long-term Finance Quiz: Trivia

1.

Fast-start Finance is based on … by developed country Parties on the resources provided to achieve their commitments.
- A.
  
  Submissions
- B.
  
  Reports
- C.
  
  Statements
- D.
  
  Agreements
Correct Answer
A. Submissions

Explanation
Fast-start Finance is based on submissions by developed country Parties on the resources provided to achieve their commitments. This means that developed countries submit their plans and proposals for providing financial resources to support developing countries in their efforts to address climate change. These submissions serve as the basis for determining the allocation and distribution of funds for climate finance.

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2.

Total amount of funds that is made available to developing country parties through fast-start finance is …
- A.
  
  10 bln USD
- B.
  
  20 bln USD
- C.
  
  30 bln USD
- D.
  
  40 bln USD
Correct Answer
C. 30 bln USD

Explanation
The total amount of funds made available to developing country parties through fast-start finance is 30 billion USD.

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3.

Where can the information of individual developed countries contribution to fast-start finance be found?
- A.
  
  Only in country submissions
- B.
  
  In-country submissions and sometimes on dedicated websites
- C.
  
  Only on dedicated website
- D.
  
  Only after the official request as it is confidential information
Correct Answer
B. In-country submissions and sometimes on dedicated websites

Explanation
The information regarding individual developed countries' contribution to fast-start finance can be found in-country submissions and sometimes on dedicated websites. This means that the countries themselves submit this information, and it may also be available on specific websites dedicated to fast-start finance.

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4.

Commitment of developed countries to mobilize 100 bln USD per year by 2020 is generally referred to as…
- A.
  
  Fast-start Finance
- B.
  
  Long-term Finance
- C.
  
  National communication
- D.
  
  Submission
- E.
  
  Commitment
Correct Answer
B. Long-term Finance

Explanation
The commitment of developed countries to mobilize 100 billion USD per year by 2020 is generally referred to as long-term finance. This refers to the financial support that developed countries have pledged to provide to developing countries to help them mitigate and adapt to the impacts of climate change. The commitment of long-term finance demonstrates the ongoing commitment of developed countries to support developing countries in their efforts to address climate change and achieve sustainable development.

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5.

What was the aim of the extension of the work program on long-term finance at COP 18?
- A.
  
  To inform developed country Parties in their efforts to identify pathways for mobilizing scaled-up climate finance to USD 100 billion per year by 2020
- B.
  
  To inform developing country Parties on how to utilize long-term finance funds scaled-up to USD 100 billion per year by 2020
- C.
  
  To provide smooth transition between fast-start and long-term finance
- D.
  
  To continue the programme until Green Climate Fund becomes operational
Correct Answer
A. To inform developed country Parties in their efforts to identify pathways for mobilizing scaled-up climate finance to USD 100 billion per year by 2020

Explanation
The aim of the extension of the work program on long-term finance at COP 18 was to inform developed country Parties in their efforts to identify pathways for mobilizing scaled-up climate finance to USD 100 billion per year by 2020. This suggests that the extension was meant to provide information and guidance to developed countries on how to increase their climate finance contributions to meet the target of USD 100 billion per year by 2020.

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6.

What will mobilization of long-term finance depend on?
- A.
  
  Lessons learned from fast-start finance
- B.
  
  Development of Carbon Market
- C.
  
  Analysis of relevant reports
- D.
  
  Economic growth in developing countries
- E.
  
  Formulation of new global agreement
Correct Answer(s)
A. Lessons learned from fast-start finance
C. Analysis of relevant reports

Explanation
The mobilization of long-term finance will depend on lessons learned from fast-start finance and analysis of relevant reports. This means that understanding the successes and failures of past financial initiatives and studying reports that provide valuable information and insights will be crucial in mobilizing long-term finance. By learning from past experiences and staying informed about current developments, policymakers and stakeholders can make informed decisions and implement effective strategies to secure long-term financing for various projects and initiatives.

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7.

Fast-start finance is recycled money left from previously funded projects and activities?
- A.
  
  True
- B.
  
  False
Correct Answer
B. False

Explanation
Fast-start finance refers to the initial funding provided by developed countries to support climate change mitigation and adaptation projects in developing countries. It is not recycled money from previously funded projects and activities. Therefore, the correct answer is false.

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8.

Long-term finance funds will only come from the carbon market?
- A.
  
  True
- B.
  
  False
Correct Answer
B. False

Explanation
Long-term finance funds can come from various sources, not just the carbon market. These funds can be obtained through bank loans, bonds, equity financing, government grants, and other financial instruments. The carbon market is just one potential source of long-term finance, specifically for projects related to carbon emissions reduction or mitigation. Therefore, the statement that long-term finance funds will only come from the carbon market is false.

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9.

Which modules does the finance portal consist of?
- A.
  
  Funds managed by GEF
- B.
  
  National Communications
- C.
  
  Long-term finance
- D.
  
  Fast-start finance
- E.
  
  Greenhouse gas inventories
Correct Answer(s)
A. Funds managed by GEF
B. National Communications
D. Fast-start finance

Explanation
The finance portal consists of various modules including funds managed by GEF, national communications, and fast-start finance. These modules likely represent different aspects or components of the finance portal, such as the management of funds by the Global Environment Facility (GEF), the reporting and communication of national financial activities, and the provision of fast-start finance options. These modules are likely designed to provide users with comprehensive and specific information and resources related to finance within the context of the portal.

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10.

"National Communications Module“ presents information communicated by …
- A.
  
  Annex II Parties on the provision of financial resources related to the implementation of the Convention through their fourth and fifth national communications
- B.
  
  Annex I Parties on the provision of financial resources related to the implementation of the Convention
- C.
  
  Developing country Parties on the reception of financial resources related to the implementation of the Convention through their third national communications
- D.
  
  Least Developed Country Parties on their immediate needs for adaptation and mitigation activities
Correct Answer
A. Annex II Parties on the provision of financial resources related to the implementation of the Convention through their fourth and fifth national communications

Explanation
The "National Communications Module" presents information communicated by Annex II Parties on the provision of financial resources related to the implementation of the Convention through their fourth and fifth national communications. This means that the module includes information specifically from Annex II Parties, which are developed countries that have committed to provide financial resources to support the implementation of the Convention. The module focuses on the financial resources provided by these countries through their fourth and fifth national communications, which are reports submitted by countries to communicate their progress in implementing the Convention.

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Fast-start And Long-term Finance Quiz: Trivia

Fast-start Finance is based on … by developed country Parties on the resources provided to achieve their commitments.

Total amount of funds that is made available to developing country parties through fast-start finance is …

Where can the information of individual developed countries contribution to fast-start finance be found?

Commitment of developed countries to mobilize 100 bln USD per year by 2020 is generally referred to as…

What was the aim of the extension of the work program on long-term finance at COP 18?

What will mobilization of long-term finance depend on?

Fast-start finance is recycled money left from previously funded projects and activities?

Long-term finance funds will only come from the carbon market?

Which modules does the finance portal consist of?

"National Communications Module“ presents information communicated by …