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


  1. 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.



 

  1. 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.



 

  1. 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).



 

  1. 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-