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The importance of reporting and reviewing financial information has become an increasingly urgent issue in the international climate negotiations. In the Copenhagen Accord agreed to by over 120 countries at the United Nations Climate Change Convention in Copenhagen in 2009, developed countries pledged to provide $10 billion per year in “fast start” funding over three years (2010-2012) and $100 billion per year by 2020 for climate adaptation and mitigation. Developing countries want assurances that developed countries are keeping their pledges to provide climate finance. However, Parties have yet to determine how this funding will be tracked and what, if any, common reporting format will be required.