European Union finance ministers said November 8 that the EU will report to the upcoming Conference of Parties, the United Nations climate summit in South Africa, that it mobilized $3.17 billion in fast-start climate financing in 2011. A fast-start funding plan for short-term climate change mitigation and adaptation projects was outlined in the Copenhagen Accord during the 15th Conference of Parties to the 2009 U.N. Framework Convention on Climate Change.