Penang - A host of decisions on finance related matters were adopted on 15 Dec at the 24th session of the UNFCCC’s Conference of the Parties (COP24), as well as the Conference of Parties serving as the meeting of Parties to the Paris Agreement (CMA), in Katowice, Poland.

Penang, 19 Dec – Following the adoption of the Paris Agreement (PA) in 2015 and its ratification the following year, developed and developing countries had been engaged in a battle of interpretation over the rules for implementation of the agreement.

Decisions for the implementation of the Paris Agreement (PA) were adopted as a package by the Conference of Parties meeting as the Parties to the PA (CMA), late night on Saturday, 15 Dec, a day later than initially scheduled for the closure of the climate talks in Katowice, Poland.

Having clarity and predictability on the sources of climate finance is key for decision-makers in developing countries to ensure that climate considerations are mainstreamed into national development plans and policies.

The gap in ambition for emissions reductions of developed countries in the pre-2020 period must not be passed on to developing countries in the post 2020 timeframe of the Paris Agreement (PA), and must be the responsibility of developed countries.

Clean texts on the guidelines for the implementation of the Paris Agreement being crafted under the UNFCCC’s COP 24 President, are expected to be made available to Parties around noon of Thursday, 13 Dec.