Can you briefly explain what green bonds are and how they may be used by developing country parties to respond to climate change? Advice: A bond is a debt instrument issued to investors by a government or company in order to borrow money (like a loan). The “bond” is the issuer’s promise to repay the debt […]

Based on your advice that the CMA may give guidance to the operating entities of the financial mechanism, does the MoU between the COP and the GEF Council (decision 12/CP.2 and decision 12/CP.3) require revision/amendments/clarifications?  Advice: In our view, amendment to the memorandum of understanding is not technically required because, pursuant …

Interprétation de la s.114 Décision 1/CP.21 Réponse En vertu de l’article 4.3 de la Convention-cadre des Nations Unies sur les changements climatiques (CCNUCC), les pays développés se sont engagés à fournir des fonds en vue de couvrir « la totalité des coûts convenus encourus » liés aux changements climatiques survenant dans les pays en …

1. Can you review and briefly summarize the existing arrangements between the conference/ meeting of parties to the governing international treaty (e.g. framework agreement) and the conference/meeting of parties to a subsidiary legal instrument (e.g. Biodiversity Convention/Biosafety Protocol, Vienna Convention on the Protection of the Ozone Layer/Montreal …

Can you suggest options for a detailed ex post assessment of finance flows under Art.9.5 PA through linking Art.9.5 to the transparency framework and global stocktake of the Paris Agreement? Advice: A              Introduction In our view, Article 9.5 relates solely to the provision of ex ante information and so does not provide a mechanism …