Activities of the SCF

Current workstreams of the Standing Committee on Finance

 

 

 

 

• Biennial Assessment and Overview of Climate Finance Flows

Biennial Assessment and Overview of Financal FlowsAt 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

• 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.
More information

• 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

• 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• Draft Guidance to the Operating Entities of the Financial Mechanism

Parties have mandated the Standing Committee on Finance to provide to the COP draft guidance for the operating entities of the Financial Mechanism of the Convention, with a view to improving the consistency and practicality of such guidance, taking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

• Review of the Financial Mechanism

The COP mandated the Standing Committee on Finance to provide expert input, including through independent reviews and assessments, into the preparation and conduct of the periodic reviews of the Financial Mechanism by the COP.
For the fifth review of the Financial Mechanism, the Standing Committee on Finance prepared a technical paper.