At the UN Climate Change Conference in Bonn, taking place from 8-18 May, finance will be discussed under the two Subsidiary Bodies.
Parties will address issues related to the review of climate finance institutions, transparency of climate finance and the UNFCCC budget.
In preparation for the two-week negotiating session, the UNFCCC Secretariat released a number of documents on related agenda items.
4 May 2017: At the UN Climate Change Conference in Bonn, taking place from 8-18 May, finance will be discussed under the two Subsidiary Bodies, with specific agenda items focusing on the review of finance institutions, transparency of climate finance and the UNFCCC budget. In preparation for the two-week negotiating session, the UNFCCC Secretariat released a number of documents on related agenda items.
The 46th session of the Subsidiary Body for Implementation (SBI 46) will take up agenda (sub-)items on the review of the functions of the Standing Committee on Finance (SCF) and the third review of the Adaptation Fund. On the SCF, parties will be expected to initiate work on the review, based on terms of reference (ToR) agreed at the 22nd session of the Conference of the Parties (COP 22) to the UNFCCC and submissions. On the Adaptation Fund, parties will be invited to consider submissions. On both sub-items, parties are expected to complete their work at SBI 47 [SBI 46 Provisional Annotated Agenda]
SBI 46 will also take up financial matters related to the UNFCCC, including the programme budget for 2018-2019 (FCCC/SBI/2017/4, Add.1 and Add.2) and the status of contributions from parties (FCCC/SBI/2017/INF.4). [Proposed Programme Budget for 2018-2019] [Addendum 1 to Budget Proposal] [Addendum 2 to Budget Proposal] [Status of Contributions]
The 46th session of the Subsidiary Body for Scientific and Technological Advice (SBSTA) will be considering modalities for the accounting of financial resources provided and mobilized through public interventions in accordance with Paris Agreement Article 9.7 (on transparency of climate finance provided and mobilized through public interventions). Parties will be expected to continue considering the matter taking into account a technical paper prepared by the UNFCCC Secretariat (FCCC/TP/2017/1). The technical paper contains an overview of existing arrangements and developments under and outside the Convention, and summarizes views of parties and observers relating to the accounting modalities. COP 21 requested the SBSTA to develop the modalities for consideration at COP 24. [SBSTA 46 Provisional Annotated Agenda] [UNFCCC Webpage on Transparency of Support under the Paris Agreement] [Technical Paper on Modalities for the Accounting of Financial Resources]
In addition, an in-session workshop on long-term climate finance and a roundtable discussion on the process to identify the information to be provided by parties in accordance with Paris Agreement Article 9.5 (on ex-ante transparency of climate finance), both under the Conference of the Parties (COP), will be organized during the Bonn session. In support of the long-term finance workshop, the Secretariat has prepared a synthesis of the information provided by developed countries in their biennial submissions on their updated strategies and approaches for scaling up climate finance from 2014 to 2020 (UNFCCC/CP/2017/INF.1). [UNFCCC Webpage on Long-term Climate Finance] [UNFCCC Webpage on Roundtable on Transparency of Climate Finance] [Synthesis Document on Biennial Submissions on Strategies for Climate Finance Scale-up]