Distr.
LIMITED
FCCC/SBI/1996/L.4/Rev.1
11 December 1996
Original: ENGLISH
SUBSIDIARY BODY FOR IMPLEMENTATION
Fourth session
Geneva, 10-11 December 1996
Agenda item 3
Recalling Article 11.1 of the Convention which, in the relevant
part, states that the financial mechanism of the Convention shall
function under the guidance of and be accountable to the Conference
of the Parties, as well as Article 4.7 and 4.8 of the
Convention;
Mindful that, in accordance with Article 11.3(d) of the
Convention, the amount of funding necessary and available for the
implementation of the Convention and the conditions under which that
amount is to be reviewed, shall be determined in a predictable and
identifiable manner;
The aggregate GEF funding requirements for the purpose of the
Convention shall be determined in accordance with the following
procedures.
GE.96-
Determination of funds necessary
1. In anticipation of a replenishment of the GEF, the COP will
make an assessment of the amount of funds that are necessary to
assist developing countries, in accordance with the guidance provided
by the COP, in fulfilling their commitments under the Convention over
the next GEF replenishment cycle, taking into account:
(a) The amount of funds necessary to meet the agreed full costs to be incurred
by developing country Parties in order to prepare their national communications under
Article 12.1 of the Convention on the basis of the guidelines for
national communications of non-Annex I Parties adopted by the
Conference of the Parties at its second session;
(b) Financial resources requested by developing country Parties to
meet the agreed full incremental costs of measures covered by Article
4.1 of the Convention;
(c) Financial resources requested by developing country Parties to
meet the costs of adaptation to the adverse effects of climate
change;
(d) Information communicated to the COP from the GEF on the number
of eligible programmes and projects that were submitted to the GEF,
the number that were approved for funding, and the number that were
turned down owing to lack of resources.
Availability of funding
2. The GEF will intimate to the COP the funds that are likely to
be available over the next replenishment period.
3. The GEF replenishment will be based on the COP's
assessment.
4. On the occasion of each replenishment, the GEF will, in its
regular report to the COP as provided for in paragraphs 6 and 7 of
this Memorandum of Understanding, indicate how it has responded
during the replenishment cycle to the COP's previous assessment
prepared in accordance with paragraph 1 of this annex, inform the COP
of the conclusion of replenishment negotiations and indicate the
amount of new and additional funding to be contributed to the GEF
trust fund in the next replenishment cycle for the purposes of the
GEF, including the implementation of the Convention. The GEF shall
clearly indicate the rationale by which the amount described as "new
and additional" is regarded as such, vis-à-vis other
sources of Official Development Assistance.
Review by the Conference of the Parties
5. The COP shall review the amount of funding necessary and
available for the implementation of the Convention on the occasion of
each replenishment of the financial mechanism.