1. european capacity building initiativeecbi Operationalizing the Standing Committee What Functions? What Form? By Farrukh Iqbal Khan Pakistan Benito Muller, ECBI european capacity building initiative initiative européenne de renforcement des capacités ecbi for sustained capacity building in support of international climate change negotiations pour un renforcement durable des capacités en appui aux négociations internationales sur les changements climatiques

2. european capacity building initiativeecbi 1. BACKGROUND AND MOTIVATIONS 1.1. The Financial Mechanism of the UNFCCC 1.2. Tier One: Fixing the existing system – Tying up loose ends Overseeing Operating Entities The Subsidiary Body for Implementation The Current Oversight Procedure Mantra Guidance and the SEI Report Other Loose End: Determination of Financial Needs

3. european capacity building initiativeecbi 1.3. Tier Two: The push for improved governance and coherence in the delivery of international climate finance Four Core Functions Improving coherence and coordination in the delivery of climate change financing Rationalization of the financial mechanism Mobilization of financial resources MRV of support

4. european capacity building initiativeecbi 2. FUNCTIONS 2.1. Guidance, Recommendations and Review Guidance and recommendations draft guidance to the Operating Entities (OEs) of the FM; recommendations to other actors in climate finance universecomparable standards, guidelines and rules in allocation such as recommendations/draft guidance with regards to overcoming thematic and geographical imbalances in the international flows of climate finance; Coordination amongst various bodies in the Convention Rationalising the Financial Mechanism of the Convention;

5. european capacity building initiativeecbi Review Accountability of the OEs to the COP? Independent evaluations? Operational rules and modalities of Oes; Modalities for MRV including certification; Access modalities, including direct access; Comparable standards, guidelines and rules for the allocation of finance; Assessed contribution, if applicable; Adequacy of resources.

6. european capacity building initiativeecbi 2.2. Reporting and verifying of financial support to developing countries Reporting Financial Support Registry for both in and outside the FM Act as platform of consultation with private sector, civil society as well as multilateral and bilateral entities. Liaise with other Convention bodies such as the Adaptation Committee, Technology Executive Committee. Verifying Provide the COP with all support necessary to verify: What could be counted? Convention obligations? And how to be counted? assessed contributions? certifications by recipient countries.

7. european capacity building initiativeecbi 2.3. Other Functions Support the COP in mobilizing of financial resources, including the private sector. Report to the COP. Fulfil any other function assigned by the COP.

8. european capacity building initiativeecbi 3. FORM 3.1. Accountability of a ‘National Treasure’ Take a leaf from Parliamentary oversight ? Smaller/expert body placing recommendation before the parent body for decision. 3.2. Subsidiary to whom? Subsidiary body to the COP. Assist the Conference of Parties not to assist any other body

9. european capacity building initiativeecbi 3.3. Membership: Composition & Selection Open –ended or Representative Body? Question of resources/financing Expertise Parliamentary oversight Equitable representation?

10. european capacity building initiativeecbi