At COP 12, parties continued to consider progresson the implementation of decision 1/CP.10. They requested the Chair of theSBI to convene an informal meeting prior to the June 2008 session to considerfurther actions, including in the areas of:
(i) Financial risk management
(iii) Economic diversification
Parties agreed to initiate consideration of the status of implementation of Article4.8 and decisions 5/CP.7 and 1/CP.10 and invited views on that matter by 21 March2008.
At SBI 26, parties considered the implementationof decision 1/CP.10 and the outcomes of the pre-sessional expert meeting.TheSBI agreed to continue its deliberations on this matter at SBI 27, taking intoconsideration the outcomes of the pre-sessional expert meetings and the possibleelements included in annex III of document FCCC/SBI/2007/15, with a view to considering what furtheractions may be required by COP 13.
At COP12/CMP2, parties considered the implementationof decision 1/CP.10, including the two presessional expert meetings on economicdiversification.
The workshopon reporting methodologies on Article 3.14 of the Kyoto Protocol, 4 - 6 September2006, Abu Dhabi, UAE, was organized in accordance with Decision31/CMP.1 by the UNFCCC secretariat under the guidance of the Chair of theSubsidiary Body for Implementation organized the .
Prio to SBI 24, the pre-sessionalexpert meeting on economic diversification, 16 - 17 May 2006, Bonn, Germany,as mandated by paragraph 16 (b) of decision 1/CP.10. Experts discussed economicdiversification and sustainable development in developing countries, technicalsupport for structural and institutional capacity for economic diversificationand foreign and domestic investments and partnerships to support economic diversificationin the context of the impact of the implementation of response measures.
At COP 11/CMP1, parties also adopted decision 31/CMP.1 Matters relating to Article 3, paragraph14, of the Kyoto Protocol. Parties considered the implementation of decision1/CP.10. One Party expressed its views on the presessional expert meeting oneconomic diversification to be held prior to SBI 24, which can be found in document FCCC/SBI/2005/MISC.4. Parties also adopted decision 31/CMP.1 Matters relating to Article 3, paragraph14, of the Kyoto Protocol.
Prior to COP 11/CMP1, the pre-sessionalexpert meeting on response measures, 23-24 November 2005, Montreal, Canada,as mandated by paragraph 16 (a) of decision 1/CP.10. Experts discussed modellingand financial risk management in the context of the impact of the implementationof response measures.
At COP 10, parties concluded their long-standingnegotiations on the further implementation of Decision 5/CP.7 and adopted TheBuenos Aires programme of work on adaptation and response measures,Decision 1/CP.10. Regarding response measures, decision 1/CP.10 requestedthe secretariat to organize two pre-sessional expert meetings on modelling, financialrisk management (Paragraph 16 (a)) and economic diversification (Paragraph 16(b)).
COP 7 adopts Decision5/CP.7.