Standing Committee on Finance (SCF)

19th meeting of the Standing Committee on Finance

Credit: UNFCCC

2018 SCF Forum

Credit: UNFCCC

2018 Report to the Conference of the Parties

2018 Biennial Assessment and Overview of Climate Finance Flows

Announcements

Special event on the 2018 Biennial Assessment and Overview of Climate Finance Flows (BA) of the SCF, 4 December 2018, 13:15H-14:45H, Room Warmia. To view the provisional programme, please click here. Further details related to this event, can also be viewed here.

Summary and recommendations by the SCF on the 2018 Biennial Assessment and Overview of Climate Finance Flows

2018 Biennial Assessment and Overview of Climate Finance Flows Technical Report

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.

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..
More information on the preparation of the first biennial assessment and overview of climate finance flows

• 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.
More information

• Draft Guidance to the Operating Entities of the Financial Mechanism

Parties have mandated the Standing Committee on Finance to provide to the COP draft guidance for the operating entities of the Financial Mechanism of the Convention, with a view to improving the consistency and practicality of such guidance, taking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.

• SCF Forum

	The SCF Forum exists 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 SCF was mandated by the Conference of the Parties (COP), at its 17th session, to organize a Forum. The SCF reports on the Forum in its annual reports to the COP.
2019 SCF Forum - "Climate Finance and Sustainable Cities"
2018 SCF Forum - "Climate Finance Architecture - Enhancing collaboration, seizing opportunities" Report (Annex III of 2018 SCF annual report)
2017 SCF Forum - "Mobilizing Finance for Climate-Resilient Infrastructure" Report (Annex V of 2017 SCF annual report)
2016 SCF Forum - "Financial instruments that address the risks of Loss and Damage" Report (Annex III of 2016 SCF annual report)
2015 SCF Forum - "Enhancing coherence and coordination of forest financing" Report (Annex II of 2015 SCF annual report)
2014 SCF Forum - "Mobilizing Adaptation Finance" Executive Summary (Annex IV of 2014 SCF annual report); Full Report
2013 SCF Forum - "Mobilizing Finance & Investment for Climate Action Now" Report (Annex II of 2013 SCF annual report)

More information

• 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.
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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