17 October 1997
ENGLISH ONLY
UNITED NATIONS FRAMEWORK CONVENTION ON CLIMATE CHANGE
CONFERENCE OF THE PARTIES
Third session
Kyoto, 1-10 December 1997
Item 3 (c) of the provisional agenda
REVIEW OF THE IMPLEMENTATION OF THE CONVENTION
FINANCIAL MECHANISM
Report of the Global Environment Facility to the Conference of
the Parties
at its third session
Note by the secretariat
The Conference of the Parties (COP), at its second session, by
its decision 12/CP.2, adopted and thereby brought into force a
Memorandum of Understanding (MOU) between the COP and the Council
of the Global Environment Facility (GEF) (FCCC/CP/1995/7/Add.1).
The MOU provides, inter alia, that annual reports of the GEF are to be made available to the
COP through the secretariat. The attached report has been submitted
by the GEF secretariat in response to that provision. The MOU
further provides that, in accordance with Article 11.1 of the
Convention, the COP will, after each of its sessions, communicate
to the GEF any policy guidance approved by the COP concerning
the financial mechanism.
- The Council of the GEF, at its meeting in May 1997, approved the
annex to the MOU prepared by the fourth session of the Subsidiary
Body for Implementation (SBI). Based on the recommendation by
the SBI at its seventh session, the third session of the COP may
wish to adopt the annex to the MOU contained in document FCCC/SBI/1996/14.
- In accordance with the guidelines for the review of the financial
mechanism, the annual report of the GEF to the COP is to be considered
in the ongoing review process by the SBI which will report on
the outcome to the third session of the COP (FCCC/SBI/1997/6).
- This report further contains details on the financial support
by the GEF to
non-Annex I Parties for the preparation of their initial national
communications. Such information is made available by the secretariat
to the SBI at each of its sessions
(decision 10/CP.2).
FCCC/CP/1997/MISC.1
GE.97-