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The Framework Convention on Climate Change
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financial resource
[
Global Index
]
ARTICLE-4
: COMMITMENTS [
go to this ARTICLE
]
... 3. The
developed country
Parties
and other developed
Parties
included
in Annex II shall provide new and additional
financial resources
to
meet
the
agreed
full
costs
incurred by
developing country
Parties
in complying with their
obligations
under
Article
12
, paragraph 1. They shall also provide such
financial resources
,
including
for the
transfer of technology
, needed by the
developing country
Parties
to
meet
the
agreed
full
incremental
costs
of
implementing
measures
that are covered by paragraph 1 of this
Article
and that are
agreed
between a
developing country
Party
and the
international
entity
or
entities
referred to in
Article
11
, in
accordance
with that
Article
. The
implementation
of these
commitments
shall take into
account
the need for adequacy and predictability in the flow of
funds
and the importance of appropriate
burden
sharing
among the
developed country
Parties
. ...
... 3. The
developed country
Parties
and other developed
Parties
included
in Annex II shall provide new and additional
financial resources
to
meet
the
agreed
full
costs
incurred by
developing country
Parties
in complying with their
obligations
under
Article
12
, paragraph 1. They shall also provide such
financial resources
,
including
for the
transfer of technology
, needed by the
developing country
Parties
to
meet
the
agreed
full
incremental
costs
of
implementing
measures
that are covered by paragraph 1 of this
Article
and that are
agreed
between a
developing country
Party
and the
international
entity
or
entities
referred to in
Article
11
, in
accordance
with that
Article
. The
implementation
of these
commitments
shall take into
account
the need for adequacy and predictability in the flow of
funds
and the importance of appropriate
burden
sharing
among the
developed country
Parties
. ...
... 7. The
extent
to which
developing country
Parties
will effectively
implement
their
commitments
under the
Convention
will depend on the effective
implementation
by
developed country
Parties
of their
commitments
under the
Convention
related to
financial resources
and
transfer of technology
and will take
fully
into
account
that
economic
and
social development
and
poverty eradication
are the first and overriding
priorities
of the
developing country
Parties
. ...
ARTICLE-7
: CONFERENCE OF THE PARTIES [
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]
... (h)
Seek
to mobilize
financial resources
in
accordance
with
Article
4
, paragraphs 3, 4 and 5, and
Article
11
; ...
ARTICLE-11
: FINANCIAL MECHANISM [
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]
... 1. A
mechanism
for the
provision
of
financial resources
on a
grant
or concessional basis,
including
for the
transfer of technology
, is hereby defined. It shall
function
under the
guidance
of and be
accountable
to the
Conference of the Parties
, which shall
decide
on its
policies
,
programme
priorities
and
eligibility
criteria
related to this
Convention
. Its
operation
shall be
entrusted
to one or more
existing
international
entities
. ...
... 5. The
developed country
Parties
may also provide and
developing country
Parties
avail themselves of,
financial resources
related to the
implementation
of the
Convention
through
bilateral
,
regional
and other
multilateral
channels
. ...
ARTICLE-12
: COMMUNICATION OF INFORMATION RELATED TO IMPLEMENTATION [
go to this ARTICLE
]
... 5. Each
developed country
Party
and each other
Party
included
in Annex I shall make its
initial
communication
within six
months
of the
entry into force
of the
Convention
for that
Party
. Each
Party
not so listed shall make its
initial
communication
within three
years
of the
entry into force
of the
Convention
for that
Party
, or of the
availability
of
financial resources
in
accordance
with
Article
4
, paragraph 3.
Parties
that are least
developed countries
may make their
initial
communication
at their
discretion
. The frequency of
subsequent
communications by all
Parties
shall be
determined
by the
Conference of the Parties
, taking into
account
the differentiated timetable set by this paragraph. ...
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