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Standing Committee on Finance
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photo: CDM Photo Contest/UNFCCC
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photo: Hyunwoo Kim/UNFCCC
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photo: Yolando Velasco/UNFCCC
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At COP 16, Parties decided to establish a Standing Committee 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 Standing Committee will conduct activities such as: the organization of a forum for communication
and continued exchange of information among bodies and entities dealing with climate change finance; the
maintaining of linkages with the Subsidiary Body for Implementation and thematic bodies of the Convention;
the provision of draft guidance for the operating entities of the financial mechanism; the provision
of recommendations on how to improve the coherence, effectiveness and efficiency of the operating
entities of the financial mechanism; the provision of expert input into the preparation and conduct of the
periodic reviews of the financial mechanism; and the preparation of a biennial assessment, overview of
climate finance flows.
During COP 17, Parties further defined the roles and functions, as well as the composition and working
modalities, of the Standing Committee. At COP 18, Parties decided to change the name to Standing Committee
on Finance.
OVERVIEW
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MEETINGS
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Contact
information:
standingcommittee@unfccc.int
The co-chairs of the Standing Committee on Finance gave a presentation on the Standing Committee on
Finance during an information event on the 5th of June, 2013, in the context of the thirty-eighth
session of the Subsidiary Body for Implementation.
This presentation can be found 
here. (108 kB)
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Click here for
meeting documents and information.
Click here for the
webcast of the meeting. 
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FORUM
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ADDITIONAL INFORMATION
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The Standing Committee on Finance is mandated by decision 2/CP.17 to
organize a forum for the communication and continued exchange of information among bodies and
entities dealing with climate change finance in order to promote linkages and coherence.
The first Forum of the Standing Committee on Finance took place on 28 May 2013 in Barcelona,
Spain. For more details, please click here.
Please also visit the newly launched
website of the Forum here.
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Relevant Documents
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