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Standing Committee on Finance
In focus  
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Background:
At the sixteenth session of the Conference of Parties (COP), Parties decided to establish a Standing
Committee on Finance to assist the COP in exercising its functions in relation to the Financial Mechanism
of the Convention. This involves:
- 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.
The work plan of the Standing Committee on Finance for the year 2017 is available  hereNew!.
Activities of the Standing Committee on
Finance
 Biennial
Assessment and Overview of Climate Finance Flows
At COP 17, Parties mandated the Standing Committee on Finance to prepare a
biennial assessment and overview of climate finance flows. For more information on the
preparation of the first biennial assessment and overview of climate finance flows, please
click here
>>
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 Coherence
and Coordination: Financing for Forests, taking into account different policy
approaches
COP 19 requested the Standing Committee on Finance to consider, in its work
on coherence and coordination, inter alia, the issue of financing for forests, taking into
account different policy approaches, and requested the Standing Committee on Finance to
focus its soonest possible forum on issues related to finance for forests. More
information >>
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 Possible
future institutional linkages and relations between the Adaptation Fund and other
institutions under the Convention
COP 20 requested the Standing Committee on Finance to consider issues
related to possible future institutional linkages and relations between the Adaptation Fund
and other institutions under the Convention. In this context, the Standing Committee on
Finance has called for submissions from members, observers and thematic bodies under the
Convention by 8 May 2015. More
information >>
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 Measurement, Reporting and
Verification of Support Beyond the Biennial Assessment and Overview of Climate Finance
Flows
At COP 19, the Standing Committee on Finance was invited to consider ways to
increase its work on the measurement, reporting and verification of support beyond the
biennial assessment and overview of financial flows. COP 20 also requested the SCF to
further explore how it can enhance its work on the MRV of support.
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 Draft Guidance to the Operating Entities of
the Financial Mechanism
Parties have mandated the Standing Committee on Finance to provide to the
COP draft guidance for the operating entities of the Financial Mechanism of the Convention,
with a view to improving the consistency and practicality of such guidance, taking into
account the annual reports of the operating entities as well as submissions from Parties.
More information to be provided shortly.
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 Review of the Financial
Mechanism
The COP mandated the Standing Committee on Finance to provide expert input,
including through independent reviews and assessments, into the preparation and conduct of
the periodic reviews of the Financial Mechanism by the COP.
For the fifth review of the Financial Mechanism, the Standing Committee on Finance prepared
a technical paper. (1085 kB)
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Additional Information
Reports of the Standing Committee on Finance
Decisions
Useful Links
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