Summary Briefing: 29th Standing Committee on Finance Meeting


From 29 September – 1 October 2022, the Standing Committee on Finance (SCF) convened for its 29th meeting in Cairns, Australia. Following a three-day meeting for the second part of the Forum on Finance for Nature-based Solutions, the meeting focused on the mandates received from COP26 and CMA3, including ongoing work on the Fifth Biennial Assessment and Overview of Climate Finance Flows, definitions of climate finance, work relating to Article 2.1c of the Paris Agreement, and a report on progress towards achieving the goal of mobilizing jointly USD 100 billion per year. Further items discussed included draft guidance to the operating entities of the Financial Mechanism, as well as an overview of part two of the SCF Forum on Finance for Nature-based Solutions. The meeting was held in a hybrid format, allowing both physical and virtual attendance, and combined plenary and break-out group discussions.

Julia Grimm
Policy Advisor for Climate Finance at Germanwatch