The Conference of the Parties,
12. Welcomes the continued support by the Global Environment Facility for climatefriendly innovation, and technology development and transfer and related capacity-building, including in partnership with private sector actors and others and requests the Global Environment Facility to continue to provide such support, in particular for technology needs assessments, and technology action plans and their implementation;
13. Also requests the Global Environment Facility to consider ways to enhance its ongoing work to fund activities relevant to averting, minimizing and addressing loss and damage, consistent with its current mandates;
14. Encourages the Global Environment Facility to continue its efforts to further streamline, consolidate and increase the efficiency of its operations, including by simplifying the information requirements for designing and implementing its projects and programmes;
15. Welcomes the ongoing efforts of the Global Environment Facility to improve its fiduciary standards, to which its implementing agencies are accountable;
16. Also welcomes the ongoing efforts of the Global Environment Facility to continue assessing and addressing the risks induced by the current level of funding concentration among some of its implementing agencies;
17. Encourages the Global Environment Facility to continue to show appropriate flexibility with respect to geographical restrictions in implementing agencies to reduce agency concentration and enable wider geographical reach of its projects, in a country-driven manner;
18. Also encourages the Global Environment Facility to open a targeted round of implementing agency expansion within the Global Environment Facility partnership with a focus on underserved regions, with regard to implementing agency coverage, in line with existing policies and procedures;
19. Further encourages the Global Environment Facility to enhance the coherence and complementarity with other climate finance delivery channels with a view to enhancing the impact and effectiveness of its work and decreasing transaction costs, inter alia through streamlining and simplifying, where feasible and to the extent possible, its procedures and guidelines and takes note of these ongoing efforts;
20. Notes the adoption of the private sector engagement strategy 3 of the Global Environment Facility at the 59th meeting of the Council of the Global Environment Facility and encourages the Global Environment Facility to reinforce its efforts to mobilize and engage with private sector actors during its eighth replenishment;
21. Requests the Global Environment Facility, from existing allocations in the Blended Finance Global Programme, to further explore risk-taking and to foster innovation in the context of its programming in order to use its concessional financing more effectively and mobilize additional private funds;
22. Welcomes the policy on gender equality adopted by the Council of the Global Environment Facility and encourages the Global Environment Facility to ensure that all its implementing agencies apply this policy;
23. Also encourages the Global Environment Facility to further explore ways to provide support for assessing the needs and priorities of developing countries5 in a country-driven manner, including technology and capacity-building needs, and for translating climate finance needs into action;
24. Invites Parties to submit to the secretariat their views and recommendations on elements of guidance for the Global Environment Facility via the submission portal6 no later than 12 weeks prior to the twenty-ninth session of the Conference of the Parties (November 2024);
25. Requests the Standing Committee on Finance to take into consideration the submissions referred to in paragraph 24 above in preparing its draft guidance for the Global Environment Facility and to include in its annual report to the Conference of the Parties information on the steps it has taken to implement the guidance provided in this decision; 26. Takes note of decision -/CMA.57 and decides to transmit to the Global Environment Facility the guidance from the Conference of the Parties serving as the meeting of the Parties to the Paris Agreement contained in paragraphs 2–12 of that decision.
