Standing Committee on Finance

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Standing Committee on Finance

photo: CDM Photo Contest/UNFCCC

photo: Hyunwoo Kim/UNFCCC

photo: Yolando Velasco/UNFCCC

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of linkages with the Subsidiary Body for Implementation and thematic bodies of the Convention; the provision of draft guidance for the operating entities of the financial mechanism; the provision of recommendations on how to improve the coherence, effectiveness and efficiency of the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	MEETINGS
About the Standing Committee on Finance Members Contact information: standingcommittee@unfccc.int	The fourth meeting of the Standing Committee on Finance will take place on 15 - 17 June in Bonn, Germany. New! Click here for meeting documents and information.
FORUM	ADDITIONAL INFORMATION
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 will take place on 28 May 2013 in Barcelona, Spain. Provisional Programme of the first forum of the Standing Committee on Finance (164 kB) New! More details, including on facilitators and panelists, will be provided shortly.	Relevant Documents Report of the Standing Committee to the Conference of the Parties Decisions: 1/CP.16, 2/CP.17, 2/CP.17, Annex VI, decision 5/CP.18 Useful Links Work programme on long-term finance Finance Portal Technology Executive Committee Adaptation Committee Consultative Group of Experts on National Communications from Parties not included in Annex I to the Convention LDC Expert Group Links to financial institutions

Last updated 16 May 2013