Developing countries several key concerns at the opening of the 47th session of the Subsidiary Body on Implementation (SBI 47) on 6 Nov. , which was held after the official opening of the 23rd Conference of the Parties (COP 23) to the UNFCCC in Bonn.
The meetings of Parties to the UN Framework Convention on Climate Change (UNFCCC) and its Kyoto Protocol (KP) and Paris Agreement (PA) as well as the meetings of the Subsidiary Bodies serving these treaties kicked off on 6 November.
The UNFCCC’s COP23, held from 6-18 Nov. in Bonn, Germany, adopted a host of finance-related decisions.
Developed and developing countries are divided over the future and nature of the Adaptation Fund (AF) under the Paris Agreement (PA). The AF is currently under the Kyoto Protocol (KP).
Developed countries’ reluctance to address the modalities for the ex-ante information on public financial resources to be provided to developing countries referred to in Article 9.5 of the Paris Agreement (PA) delayed the closing of the UNFCCC’s 23rd session of the Conference of the Parties (COP2