What is the SCF?The mandate of the Standing Committee on Finance is to assist the COP in exercising its functions with respect to the financial mechanism of the Convention in terms of the following: improving coherence and coordination in the delivery of climate change financing; rationalization of the financial mechanism; mobilization of financial resources; and measurement, reporting and verification of support provided to developing country Parties. It was established by the COP at its sixteenth session by decision 1/CP.16. Its roles and functions were further defined and its composition and working modalities elaborated on at COP 17.
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