Standing Committee on Finance

Standing Committee on Finance

In focus

Standing Committee on Finance
2017 Report to the Conference of the Parties

Biennial assessment and overview of climate finance flows

pdf-icon Report (5351 kB) Summary and Recommendations (169 kB)
Further information

2017 SCF Forum of the Standing Committee on Finance
" Mobilizing Finance for Climate-Resilient Infrastructure"

The Forum was held 6-7 September 2017 in partnership with the Union for the Mediterranean and the European Bank for Reconstruction and Development, hosted by the Government of Morocco.

Announcements:

Seventeenth meeting of the SCF, Bonn, 10 to 12 April
Provisional agenda SCF 17 (24 kB) ^New!
SCF 17 meeting documents^New!
Call for evidence for the 2018 BA^New!
1st Technical meeting on the preparation of the 2018 Biennial Assessment and Overview of Climate Finance Flows^New!
COP 23 Decisions
Report of the SCF (537 kB) (189 kB)
Review of the functions of the SCF
COP 23 Documents
Report of the Standing Committee on Finance to COP 23
Technical Paper on review of the functions of the Standing Committee on Finance
Sixteenth meeting of the SCF
Report of the sixteenth SCF meeting (826 kB)

Background:

At the sixteenth session of the Conference of Parties (COP), Parties decided to establish a Standing Committee on Finance to assist the COP in exercising its functions in relation to the Financial Mechanism of the Convention. This involves:

improving coherence and coordination in the delivery of climate change financing,
rationalization of the Financial Mechanism,
mobilization of financial resources, and
measurement, reporting and verification of support provided to developing country Parties.

The work plan of the Standing Committee on Finance for the year 2017 is available pdf-icon here^New!.

Activities of the Standing Committee on Finance

Biennial Assessment and Overview of Climate Finance Flows

At COP 17, Parties mandated the Standing Committee on Finance to prepare a biennial assessment and overview of climate finance flows. For more information on the preparation of the first biennial assessment and overview of climate finance flows, please click here >>

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.

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 pdf-icon technical paper. (1085 kB)