Introduction

The Parties to the Convention assigned operation of the financial mechanism to the Global Environment Facility (GEF) on an on-going basis, subject to review every four years.  The reviews follow agreed criteria and guidelines ( decision 3/CP.4).

12/CP.2

12/CP.3

The COP 13, by its decision 6/CP.13 requested the secretariat to compile the view submitted by Parties and prepare a synthesis report for consideration by the SBI 28.  The SBI 28 took note of the synthesis report (FCCC/SBI/2008/INF.4) on submissions from Parties on the review of the financial mechanism. The SBI also requested the secretariat to provide, upon request, information to NAI Parties on the assessment of financing needs to implement mitigation and adaptation measures and decided to continue its consideration of issues under this agenda item at its twenty-ninth session (December 2008) on the basis of the draft text contained in the annex to these conclusions (FCCC/SBI/2008/L.11) and other documents submitted by Parties, with a view to recommending a draft decision for adoption by the COP 14 (December 2008).

6/CP.13:  Review of the financial mechanism

 2/CP.12 : Review of the financial mechanism (Annex to the memorandum of understanding) (5 kB)

9/CP.10:  Assessment of funding to assist developing countries in fulfilling their commitments under the Convention

 5/CP.8: Review of the financial mechanism

 3/CP.4: Review of the financial mechanism

 12/CP.3: Annex to the Memorandum of Understanding on the determination of funding necessary and available for the implementation of the Convention

 11/CP.3: Review of the financial mechanism

 13/CP.2: Memorandum of Understanding between the Conference of the Parties and the Council of the Global Environment Facility: annex on the determination of funding necessary and available for the implementation of the Convention

 12/CP.2: Memorandum of Understanding between the Conference of the Parties and the Council of the Global Environment Facility

 9/CP.1: Maintenance of the interim arrangements referred to in Article 21, paragraph 3, of the Convention