The Technology Mechanism – what it contains and what’s happening within

by Lara Shirley As one of the five key points in the 2008 Bali Action Plan, technology and the transfer of it constitute a key part of an equitable response to climate change. A Technology Mechanism was therefore created in order to increase the quantity and efficiency of technology transfer from the North to the South. The Technology Mechanism was proposed by the G77 and China in 2008, and was...

Standing Committee and Long-Term Finance under UNFCCC

by Bogdan Zymka Finance is a crucial aspect of making the United Nations Framework Convention on Climate Change an effective regime. The finance system under the UNFCCC is extremely complex. The beginning of the financial mechanism was established under Article 11 of the convention: “A mechanism for the provision of financial resources on a grant or concessional basis, including for the...