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Review of the Financial Mechanism


The Conference of Parties (COP), at is fourth session, decided to review the Financial Mechanism of the Convention every four years in accordance with Article 11.4 of the Convention. The annex to pdf-icon decision 3/CP.4 (153 kB) containing the guidelines states that the objective of the review of the Financial Mechanism is to take appropriate measures regarding:

(a) Its conformity with the provisions of Article 11 of the Convention;

(b) Its conformity with the guidance of the COP;

(c) The effectiveness of the activities it funds in implementing the Convention;

(d) Its effectiveness in providing financial resources on a grant or concessional basis, including for the transfer of technology, for the implementation of the Convention's objective on the basis of the guidance provided by the COP; and

(e) Its effectiveness in providing resources to developing country Parties under Article 4.3 of the Convention.
The additional elements of the guidelines including the objectives were added by decision 6/CP.13.
Five reviews of the Financial Mechanism of the Convention have been conducted in the past, with the most recent review completed at COP 20.

Recent Developments

The COP, by pdf-icon decision 9/CP.20 agreed to initiate the sixth review of the Financial Mechanism at COP 22 and requested the Standing Committee on Finance (SCF) to provide expert input to the sixth review of the Financial Mechanism in 2017 with a view to the review being completed by COP 23.

The COP at its twenty-second session in Marrakech, adopted the pdf-icon updated guidelines for the sixth review of the Financial mechanism and requested the SCF to provide expert input to the review, with a view to finalize the review at COP 23.

The COP invited Parties, observers and other interested international organizations, stakeholders and non-governmental organizations involved in the activities of the operating entities of the Financial Mechanism to submit, by 30 April 2017, their views on the review based on the guidelines for consideration by the SCF in preparing its expert input to the review. Parties should submit their views via the UNFCCC submission portal  and observers should email their submissions to




Latest Decision
pdf-icon Decision 12/CP.22
Sixth review of the Financial Mechanism

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Submissions by Parties
Views and recommendations on elements in the development of the further guidelines for the sixth review of the Financial Mechanism
Relevant documents
pdf-icon Technical paper on the fifth review of the financial mechanism prepared by the SCF (1085 kB)

SCF report to COP 20 (FCCC/CP/2014/5)