The Cancun Agreements

Parties submitted to the secretariat by 21 February 2011 their views on the composition of, and modalities and procedures for, the Adaptation Committee, including on proposed linkages with other relevant institutional arrangements.

Parties submitted to the secretariat by 28 March 2011 their views on guidelines for strengthened reporting. Industrialized countries will boost the regular reporting of progress towards economy-wide emission reduction targets by submitting detailed annual inventories of greenhouse gas emissions and by reporting on progress in emission reductions every two years. 

Developing countries will also increase reporting of progress towards their mitigation objectives, although in a differentiated way to that of industrialized countries. A process of international consultation and analysis of these biennial reports will be established.

Parties submitted to the secretariat by 28 March 2011 their views on guidelines for matching actions and support, reporting, international consultation and analysis, as well as for measurement, reporting and verification.

The first meeting of the Transitional Committee took place from 28-29 April 2011 in Mexico City, Mexico.

In order to scale up the provision of long-term financing for developing countries, Governments at COP 16 in Cancun decided to establish a Green Climate Fund. A Transitional Committee of forty members, selected by Parties to the UNFCCC, will design the details of the new fund.

Developed country Parties are invited to submit to the secretariat by 1 May 2011 information on the provision of new and additional resources approaching USD 30 billion for the period 2010-2012, including ways in which developing country Parties can access these resources.

The second meeting of the Transitional Committee for the design of the Green Climate Fund, held from 13-14 July in Tokyo, Japan, concluded with an agreed work plan.

The first meeting of the Technology Executive Committee, held from 1-3 September in Bonn, Germany, made important progress.

The Technology Executive Committee (TEC) is the policy component of the Technology Mechanism. The TEC has a central role in further strengthening international strategies to support technology cooperation, and to catalyze the adoption of policies at the national level to support technology deployment.

The third meeting of the Transitional Committee for the design of the Green Climate Fund took place from 11-13 September 2011 in Geneva, Switzerland, with solid progress made on the design of the Fund.