The Climate Change Convention Agreements (continued)
- The supreme body of the Convention is the Conference of the Parties (COP)
- A financial mechanism (Global Environmental Facility) provides funds
- The Convention establishes two subsidiary bodies SBSTA and SBI
- The COP and its subsidiary bodies are serviced by a secretariat
The COP is comprised of the 169 states that have signed the convention. It meets yearly.
Its role is to promote and review the implementation of the Convention.
The whole programme is funded via a financial mechanism, to be guided by, and accountable to, the COP. This role was assigned to the Global Environment Facility (GEF), The GEF is under the auspices of the World Bank, the UN Development Program, and the UN Environment Program, as an interim measure, to 1999. There is currently $2.75 billion dollars in pledged capital in the fund, which, besides climate change, covers biodiversity, international waters, and protection of the ozone layer. Climate change activities accounted for 38% of funds expended by the end of 1996.
The SBSTA is the Subsidiary Body for Scientific and Technological Advice.
The SBI is the Subsidiary Body on Implementation.
The secretariat handles the administrative functions and logistical operations of the COP.