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Climate Finance in Bonn (COP 23/CMP 13/APA 1.4/SBSTA 47/SBI 47)

Dear COP 23 delegates,

Below this message is a list of all the agenda items together with annotations, suggested actions, and links to official documents to support climate finance negotiations during the two weeks in Bonn.

1. Overview of work on climate finance in Bonn

2. Overview of climate finance related events at COP 23

We look forward to supporting your work and enabling you to have successful and productive sessions.

Kind regards,

The Climate Finance team UNFCCC


1. Overview of work on climate finance in Bonn

At this session, climate finance will be tackled in the following bodies:

Body/Agenda item/title
Description
Documents
COP agenda item 10(a):
Long-term climate finance
Following the conclusion of the work programme on long-term climate finance (LTF) at COP 19, the COP decided to continue deliberations on LTF with three core elements for the period 2014 to 2020:
  • biennial submissions by developed country Parties on their updated approaches and strategies for scaling up climate finance;
  • annual in-session workshops; and
  • biennial high-level ministerial dialogues (HLMD) on climate finance.
In 2017 and 2018, the in-session workshops focus on a) articulating and translating needs identified in country-driven processes into projects and programmes, b) roles of policies and enabling environments for mitigation and adaptation finance, and c) facilitating enhanced access. This year, an in-session workshop was organized at SB 46.

The COP is invited to consider the summary report on the workshop and take necessary action as deemed appropriate. The COP is also invited to consider the note by the President of COP 22 on the second biennial high-level ministerial dialogue on climate finance, which was organized during COP 22 in Marrakesh.
In-session workshop on long-term climate finance in 2017. Summary report by the secretariat:
FCCC/CP/2017/4

Second biennial high-level ministerial dialogue on climate finance. Note by the President
FCCC/CP/2017/8

Biennial submissions from developed country Parties on their updated strategies and approaches for scaling up climate finance from 2014 to 2020 – Compilation and synthesis by the secretariat
FCCC/CP/2017/INF1
COP agenda item 10(b):
Report of the Standing Committee on Finance;
As mandated, the Standing Committee on Finance (SCF) reports and makes recommendations to the COP annually. For this session, the SCF was requested to report on the progress made in the implementation of its 2017 workplan.

The COP is invited to consider the report of the SCF containing annexes such as the SCF expert input to the sixth review of the Financial Mechanism, the summary of the 2017 Forum, information on the 2018 biennial assessment and overview of climate finance flows, the self-assessment report of the SCF in the context of the review of the functions of the SCF, as well as the SCF workplan for 2018.
Report of the Standing Committee on Finance to the Conference of the Parties
FCCC/CP/2017/9
COP agenda item 10(b) /
SBI agenda item 15(a)
Review of the functions of the Standing Committee on Finance;
COP 22 adopted the terms of reference for the review of the functions of the SCF. Furthermore, it requested the Subsidiary Body for Implementation (SBI), at its forty-sixth session, to initiate work on the review and requested the secretariat to prepare a technical paper on the review. SBI 47 was requested to complete its work on the review with a view to recommending a draft decision on the matter for consideration and adoption by COP 23. Technical paper on the review of the functions of the Standing Committee on Finance
FCCC/TP/2017/4
COP agenda item 10(c)
Report of the Green Climate Fund to the Conference of the Parties and guidance to the Green Climate Fund;
The Board of the GCF submits an annual report to the COP as provided for in its governing instrument (see paragraph 6(c) of the governing instrument of the GCF) containing information such as the implementation of the guidance provided at the previous COP and any other relevant decisions of the COP.

The SCF provides draft guidance to the GCF for consideration by the COP based on the annual report of the GCF to the COP, inputs from the thematic bodies under the Convention and the views submitted by Parties.

The COP is invited to provide guidance to the GCF on policies, programme priorities and eligibility criteria, taking into consideration the reports of the Board of the GCF and the SCF as well as the annual report to the Conference of the Parties on the operation of the registry of nationally appropriate mitigation actions.
Report of the Green Climate Fund to the Conference of the Parties. Note by the secretariat
FCCC/CP/2017/5
FCCC/CP/2017/5/Add.1

Draft guidance to the GCF prepared by the SCF
FCCC/CP/2017/9, annex III

Operation of the registry of nationally appropriate mitigation actions. Report by the secretariat FCCC/CP/2017/INF.3

Further information
COP agenda item 10(d)
Report of the Global Environment Facility to the Conference of the Parties and guidance to the Global Environment Facility;
The GEF reports annually to the COP on the implementation of the guidance received at the previous COP and any other relevant decisions of the COP.

The SCF provides draft guidance to the GEF for consideration by the COP based on the annual report of the GEF to the COP, inputs from the thematic bodies under the Convention and the views submitted by Parties.

The COP is invited to provide guidance to the GEF on policies, programme priorities and eligibility criteria, taking into consideration the reports of the GEF and the SCF, as well as the fifth annual report to the COP on the operation of the registry of nationally appropriate mitigation actions.
Report of the Global Environment Facility to the Conference of the Parties. Note by the secretariat
FCCC/CP/2017/7
FCCC/CP/2017/7/Add.1
FCCC/CP/2017/7/Add.2

Report of the Standing Committee on Finance to the Conference of the Parties
FCCC/CP/2017/9

Operation of the registry of nationally appropriate mitigation actions. Report by the secretariat FCCC/CP/2017/INF.3

Further information
COP agenda item 10(e)
Sixth review of the Financial Mechanism;
COP 4 decided to review the Financial Mechanism of the Convention every four years. COP 20 decided to initiate the sixth review of the Financial Mechanism at COP 22. COP 22 adopted an updated guideline for the review and requested the SCF to provide its expert input to the review, taking into account submissions received from Parties and observers.

The COP is invited to conclude the sixth review of the Financial Mechanism, taking into account the expert input provided by the SCF and the updated guideline of the sixth review.
Summary of the technical paper on the sixth review and recommendations by the SCF to the COP
FCCC/CP/2017/9, annex II

Updated guideline for the sixth review of the Financial Mechanism
Decision 12/CP.22, annex

Further information
COP agenda item 10(f)
Process to identify the information to be provided by Parties in accordance with Article 9, paragraph 5, of the Paris Agreement
COP 21 decided to initiate, at COP 22, a process to identify the information to be provided by Parties, in accordance with Article 9, paragraph 5, of the Paris Agreement with a view to providing a recommendation for consideration and adoption at CMA 1 (pdf-icon decision 1/CP.21, paragraph 55).

As request by decision 13/CP22, the secretariat organized a round-table discussion in conjunction with SBSTA 46 and prepared a summary report for consideration by COP 23 (November 2017).
Summary report of the round-table discussion on the process to identify information to be provided under Article 9, paragraph 5, of the Paris Agreement
FCCC/CP/2017/INF.2
CMP agenda item (7) Matters relating to the Adaptation Fund:
(a) Report of the Adaptation Fund Board
CMP 3 decided that the Adaptation Fund Board should report on its activities at each session of the CMP.

CMP 12 requested the Adaptation Fund Board to
  • consider all potential sources of funding in implementing its resource mobilization strategy
  • continue its consideration of linkages between the Adaptation Fund and other funds, including the Green Climate Fund.
CMP 12 invited the COP to bring information provided by the Adaptation Fund Board on the added value of the Adaptation Fund for the operationalization of the Paris Agreement to the attention of the Ad Hoc Working Group on the Paris Agreement.

The CMP is invited to take note of the report of the Adaptation Fund Board, provide guidance to the Adaptation Fund Board and take any action it deems appropriate, as well as elect members and alternate members of the Adaptation Fund Board.
Report of the Adaptation Fund Board. Note by the Chair of the Adaptation Fund Board
FCCC/KP/CMP/2017/6
CMP agenda item (7) Matters relating to the Adaptation Fund:
(b) Third review of the Adaptation Fund.
CMP 10 requested SBI 44 to initiate the third review of the Adaptation Fund and to report back to CMP 12 with a view to the review being completed at CMP 13.

SBI 44 and 46 considered this issue and SBI 46 agreed to continue consideration of the third review of the Adaptation fund at SBI 47 with a view to recommended a draft decision for consideration and adoption at CMP 13.
Third review of the Adaptation Fund. Technical paper by the secretariat
FCCC/TP/2017/6
SBSTA agenda item 12
Modalities for the accounting of financial resources provided and mobilized through public interventions in accordance with Article 9, paragraph 7, of the Paris Agreement
COP 21 requested the SBSTA to develop modalities for the accounting of financial resources provided and mobilized through public interventions for consideration by COP 24, with a view to making a recommendation for consideration and adoption at CMA 1 (pdf-icon decision 1/CP.21, paragraph 57).

As inputs to this discussion, Parties and observer organizations submitted their views for compilation into a miscellaneous document (FCCC/SBSTA/2016/MISC.3).

Prior to SBSTA 46, the secretariat prepared a technical paper (FCCC/TP/2017/1) that summarizes information from the in-session workshop, organized in conjunction with SBSTA 45, and submissions.

During SBSTA 46, Parties identified considerations for elements and potential considerations in the development of modalities for the accounting that are captured in the informal note by the co-chairs of the Contact Group on SBSTA 11.

The SBSTA 47 will continue its consideration of this matter taking into account the informal note by the co-chairs of the CG and recommendations by the SCF on the 2016 BA and overview of climate finance flows.
Technical paper prepared by the UNFCCC secretariat
FCCC/TP/2017/1

Informal note by the co-chairs of the CG on SBSTA 11, modalities for accounting of financial resources is available pdf-icon here.

Further information
APA agenda item 5
Modalities, procedures and guidelines for the transparency framework for action and support referred to in Article 13 of the Paris Agreement
The COP requested the APA to develop recommendations for modalities, procedures and guidelines in accordance with Article 13, paragraph 13, of the Paris Agreement, and to define the year of their first and subsequent review and update at regular intervals, for consideration at COP 24, with a view to forwarding them to CMA 1 for consideration and adoption (pdf-icon decision 1/CP.21, paragraph 91).

It was decided that the modalities, procedures and guidelines of this transparency framework shall build upon and eventually supersede the existing measurement, reporting and verification system (MRV) (pdf-icon decision 1/CP.21, paragraph 98).
APA agenda item 8
Adaptation Fund
Please refer here for further information on APA Agenda Item 8

2. Overview of climate finance related events at COP 23

  • Day of the Direct Access Entities: Enhancing collaboration through South-South Cooperation
    11 November 2017, Saturday, 10.00-18.00
    Room 7, Bonn Zone, COP23
  • ILRI, CIAT: Climate-contingent finance: Emerging instruments for mitigation in agriculture
    09-Nov-17 11:30 - 13:00
    MEETING ROOM 10
  • UNFCCC: Breaking new ground: risk financing for slow onset events
    09-Nov-17 13:15 - 14:45
    MEETING ROOM 10
  • I4CE, CAF, EIB: Climate Action in Financial Institutions: Mainstreaming the Paris Agreement in the Financial Sector
    09-Nov-17 15:00 - 16:30
    MEETING ROOM 7
  • IPEEC, RAMCC: Climate finance & energy efficiency: Opportunities to enhance sectoral and national action
    09-Nov-17 15:00 - 16:30
    MEETING ROOM 11
  • UNFCCC: Increasing Access to Finance
    09-Nov-17 18:30 - 20:00
    MEETING ROOM 10
  • GCA: High-level panel on water and climate finance
    10-Nov-17 13:15 - 14:45
    MEETING ROOM 1
  • UNFCCC: Day of the Direct Access Entities: Enhancing Collaboration through South-South Cooperation
    11-Nov-17 10:00 - 18:00
    MEETING ROOM 7
  • GCA: Accelerating urban transformation: Financing & implementing infrastructure in cities/regions
    11-Nov-17 13:15 - 14:45
    MEETING ROOM 1
  • GCA: Accessing financial resources and mobilizing financial institutions
    11-Nov-17 13:15 - 14:45
    MEETING ROOM 12
  • GCA: Mainstreaming climate risk – firmly on the boardroom agenda
    12-Nov-17 11:30 - 13:00
    MEETING ROOM 12
  • GCA: Finance Day Opening: Mobilizing investment to support NDC implementation and increased ambition
    13-Nov-17 11:30 - 13:00
    MEETING ROOM 2
  • GCA: Cascading finance where it is needed-localising climate financing. The next frontier market?
    13-Nov-17 13:15 - 14:45
    MEETING ROOM 1
  • UNFCCC: Supporting the Implementation of the MRV Arrangements and Transparency Framework
    13-Nov-17 13:15 - 14:45
    MEETING ROOM 11
  • IMF: The Role of Economic And Finance Ministries In Managing Climate Risk
    13-Nov-17 13:15 - 14:45
    MEETING ROOM 2
  • IFC: International Finance Corporation(IFC), World Bank Group Panel: Creating Markets for Climate Business
    13-Nov-17 15:00 - 16:30
    MEETING ROOM 10
  • GCA: Accessing and managing climate change finance: Experiences from the Pacific and Asia Region
    13-Nov-17 16:45 - 18:15
    MEETING ROOM 6
  • GCA: Monitoring financial markets on the Paris Agreement & addressing climate-related risks
    13-Nov-17 16:45 - 18:15
    MEETING ROOM 2
  • ICSC, BCAS, Philippines: Innovative climate finance strategies and instruments by and for climate-vulnerable countries
    13-Nov-17 16:45 - 18:15
    MEETING ROOM 9
  • IIED, Both ENDS: Delivering Money Where It Matters: effective climate action through predictable local climate finance
    13-Nov-17 16:45 - 18:15
    MEETING ROOM 12
  • UN: Climate finance for climate smart land use: Delivering the Paris Agreement
    13-Nov-17 18:30 - 20:00
    MEETING ROOM 12
  • UfMS, OME: Climate Finance and Energy Transition in the Mediterranean region
    14-Nov-17 11:30 - 13:00
    MEETING ROOM 9
  • GCF: GCF and the Implementation of the Paris Agreement
    14-Nov-17 18:30 - 20:00
    MEETING ROOM 10
  • IIGCC, Ceres, Inc., Carbon Tracker Initiative Limited, PRI, UNEP FI: Investor and Company Actions on Disclosure of Climate Risks and Opportunities
    15-Nov-17 11:30 - 13:00
    MEETING ROOM 10
  • IRENA, ECREEE: Mobilising investment for advancing the implementation of renewable energy targets in African NDCs
    15-Nov-17 15:00 - 16:30
    MEETING ROOM 6
  • GEI, ERINA, WASIF, SILA, COCF: Innovations in Green Investment and Economic Structures for 2 tonnes of carbon per capita by 2022
    15-Nov-17 16:45 - 18:15
    MEETING ROOM 9
  • CCAP, Sweden: Maximizing the Green Climate Fund’s Impact
    17-Nov-17 13:15 - 14:45
    MEETING ROOM 4