Climate Change: State Should Further Improve Its Reporting on Financial Support to Developing Countries to Meet Future Requirements and Guidelines, Report to the Ranking Member, Committee on Foreign Relations, U.S. Senate [open pdf - 2MB]
"In 2009, the United States and other developed nations pledged to contribute funding approaching $30 billion in new and additional assistance between 2010 and 2012 for developing countries to address climate change. This type of assistance is called 'climate finance' and funding for this period is known as 'fast-start finance.' The pledge was made under the Framework Convention, a treaty that seeks to address climate change. State is the lead agency responsible for reporting the United States' FSF [Fast-Start Finance] contributions between 2010 and 2012 and plans to continue reporting on U.S. climate finance in the future. GAO [Government Accountability Office] was asked to review climate finance. This report examines (1) the extent to which the United States contributed to FSF, (2) how State collected and reported U.S. FSF data, and (3) what is known about the effectiveness of U.S. FSF activities. To address these objectives, GAO reviewed FSF data, interviewed agency officials, and visited three countries receiving significant FSF assistance in three regions. […] To ensure the United States meets future climate finance reporting requirements and guidelines under the Framework Convention, GAO recommends that State determine how it will collect and report climate finance information and review current capabilities for meeting the requirements and guidelines. GAO also recommends that State, in consultation with USAID [United States Agency for International Development], consider providing a budget code to improve tracking of climate change assistance. State agreed with GAO's recommendations."
Government Accountability Office: http://www.gao.gov/