20 November 2015: The Standing Committee on Finance (SCF) has submitted information on the outcomes of its work in 2015 to the UNFCCC Conference of the Parties (COP) in advance of its 21st session. The COP will consider the report under its agenda item on matters relating to finance. The report (FCCC/CP/2015/8) covers, inter alia, the meetings, forums and virtual forum of the SCF, the development of a working paper on coherence and coordination of forest finance, and work on the biennial assessment and overview of climate finance flows.

The report contains recommendations for action by COP 21, including that it consider recommendations of the third SCF forum on enhancing coherence and coordination of forest finance, as well as the recommendations of the SCF on methodologies for reporting financial information by Annex I Parties. Both sets of recommendations are annexed to the report.

In addition, the report includes recommendations related to future institutional linkages and relations between the Adaptation Fund (AF) and other institutions under the Convention for consideration by the COP. The SCF report also includes a draft decision on draft guidance to the Green Climate Fund (GCF) and a draft decision on draft guidance to the Global Environment Facility (GEF).

The report also contains a list of the membership of the SCF and the agreement of the SCF to dedicate its 2016 forum to financial instruments that address the risks of loss and damage associated with the adverse effects of climate change.

COP 21 will take place from 30 November – 11 December 2015 in Paris, France. [Report of the SCF to the COP] [SCF Webpage]