From 19-20 May 2021, the Standing Committee on Finance (SCF) convened for its 24th meeting, conducted in a virtual setting amidst the global COVID-19 pandemic. Chaired by Mr. Ismo Ulvila (European Union) and Mr. Ayman Shasly (Saudi Arabia), the meeting discussed several agenda items to define next steps in the Committee’s work going forward. This included, among others, work around the Fourth Biennial Assessment and Overview of Climate Finance Flows; the first report on the determination of the needs of developing countries related to the implementation of the UNFCCC and the Paris Agreement; the Draft guidance to the operating entities of the Financial Mechanism; planning for the next Forum of the SCF; as well as discussing linkages with the Subsidiary Body for Implementation and the constituted bodies of the Convention. One day prior to the meeting, a Technical Stakeholder Dialogue was conducted to present progress and discuss the Fourth Biennial Assessment and the Needs Determination Report with interested stakeholders. [...]
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This is the CFAS Summary Briefing. Produced at key meetings and negotiations by the CFAS expert team, the Summary Briefing tries to provide a concise, informative update on key discussions that have taken place at each meeting and give an overview of substantive points of action or progress. Please note that this is an independent summary by CFAS and not officially mandated by the SCF or the UNFCCC Secretariat.