Three donors announced new Least Developed Countries Fund contributions totaling EUR 130 million, and speakers highlighted how the LDCF is a financial mechanism that works.
Parties will discuss lessons learned from the first Global Stocktake, progress on developing reporting tools under the Paris Agreement’s enhanced transparency framework, and support for developing countries to prepare their biennial transparency reports (which all parties are to submit in 2024).
Discussions focused on kickstarting the implementation of the new BBNJ treaty, especially by identifying marine protected areas. Many also underscored ocean-climate linkages and highlighted the importance of global cooperation on ocean science.
Under the theme “Effective, inclusive and sustainable multilateral actions to tackle climate change, biodiversity loss and pollution,” delegates adopted 15 resolutions, two decisions, and a Ministerial Declaration, covering topics including the highly hazardous pesticides, sustainable lifestyles, sand and dust storms, and environmental recovery in areas affected by armed conflict.
The Global Environment Facility (GEF) Council Members will consider a new work program of the GEF Trust Fund under GEF’s eighth replenishment cycle, how to streamline the GEF project cycle, and possible actions to support the new agreement on conservation and sustainable use of marine biological diversity of Areas Beyond National Jurisdiction (BBNJ).