Outcome of the work of the Ad Hoc Working Group on Long-term Cooperative Action under the Convention, Standing Committee on Finance

Decision 2/CP.17

Outcome of the work of the Ad Hoc Working Group on Long-term Cooperative Action under the Convention, Standing Committee on Finance

Theme
Tags 
Event 
COP17
Year 
2011

Gender reference

This annex states the Standing Committee shall be composed of members nominated by Parties for approval by the Conference of the Parties, taking into account the need to achieve gender balance in accordance with decision 36/CP.7.

Elaborated language

Annex VI

Composition and working modalities of the Standing Committee

1. The Standing Committee shall be composed of the following:

(a) Ten members from Parties included in Annex I to the Convention (Annex I Parties);

(b) Ten members from Parties not included in Annex I to the Convention (nonAnnex I Parties), including two members each from the African, Asia-Pacific, and the Latin America and Caribbean States, one member from a small island developing State and one member from a least developed country Party.

2. The Standing Committee shall be composed of members nominated by Parties for approval by the Conference of the Parties, who shall have the necessary experience and skills, notably in the areas of climate change, development and finance, taking into account the need to achieve gender balance in accordance with decision 36/CP.7.

3. Standing Committee members shall serve for a term of two years, with the option of seeking additional terms.

4. The Standing Committee shall elect annually a chair and a vice-chair from among its members for a term of one year each, with one being a member from a non-Annex I Party and the other being a member from an Annex I Party. The positions of chair and vice-chair shall alternate annually between a member from a developed country Party and a member from a developing country Party.

5. The Standing Committee shall develop further modalities for the participation of observers from the operating entities of the financial mechanism of the Convention, from funding entities (multilateral, bilateral and regional) involved in climate finance and from observer organizations from the private sector and civil society admitted to the Convention.

6. The Standing Committee shall draw upon additional expertise as it may deem necessary.

7. The Standing Committee shall meet at least twice a year, or more if necessary, and its first meeting shall take place prior to the thirty-sixth session of the Subsidiary Body for Implementation.

8. The Standing Committee shall reach its conclusions by consensus.

9. The secretariat shall provide administrative support for the work of the Standing Committee.

10. The Conference of the Parties will conduct a review of the functions of the Standing Committee in 2015.

If you wish to read the full decision, including annexes, see the URL here

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