Green Climate Fund COP17 Decision

The draft 2011/CP/L.09 text is hyperlinked in the blog title.

Green Climate Fund – report of the Transitional Committee
Proposal by the President
Draft decision -/CP.17
The Conference of the Parties,
Recalling its decision 1/CP.16,
1. Welcomes the report of the Transitional Committee (FCCC/CP/2011/6 and Add.1), taking note with appreciation of the work of the Transitional Committee in responding to its mandate given in decision 1/CP.16, paragraph 109;
2. Approves the governing instrument for the Green Climate Fund annexed to this decision;
3. Decides to designate the Green Climate Fund as an operating entity of the Financial Mechanism of the Convention, in accordance with Article 11 of the Convention, with arrangements to be concluded between the Conference of the Parties and the Fund at the eighteenth session of the Conference of the Parties to ensure that it is accountable to and functions under the guidance of the Conference of the Parties to support projects, programmes, policies and other activities in developing country Parties;