[(2) [(g) [(h) OPTION 3 30 consult with and seek the advice of other subsidiary bodies, as necessary; } perform the functions assigned to it under Article VII.2 perform such other functions as may be assigned to it by the [The Conference of the Parties (shall] [may] [at its first meeting, } establish (a subsidiary body (or bodies]] [a mechanism under its auspices] to assist it in preparing for its work (under Article VI.1] [, particularly Article VI.1(2)(b)]. Such (body (or bodies]] [mechanism] shall operate in an [objective and] [consultative] manner [, in support of the Conference of the Parties in performing the functions spelled out in Article VI.1.] [Possible sentence on membership.] [Such body [or bodies]] (such a mechanism) shall perform the following functions: [(a) ((b) ((c) ((d) ensure (the provisions of adequate, new and additional financial resources and transfer of technology on preferential and noncommercial terms for] the implementation of the decisions of the Conference of the Parties (by developing country Parties];] prepare the deliberations of the Conference of the Parties] [, if necessary, and as decided by the Conference of the Parties by consensus];} [provide] (ensure the provision of] assistance to Parties, at consider (individual reports) [all information received] (the exchange of information] [from an essentially technical point of view] [, in preparation for the work of the Conference of the Parties under Article VI.1 [2(b)];] [To this end, it shall: (1. [11. [111. [iv. consult, if necessary, with (a Party,] [, Parties] [on the preparation of the work of the Conference of the Parties] [to give it an opportunity to make (technical] clarifications];] determine whether a [report] [information] [from all Parties are received] [has been submitted, and whether the report is complete]}] consider whether the estimated (net) greenhouse gas emissions reductions [by developed countries] [and developing countries] have been or would be realized as a result of the identified measures;} consider whether [methodologies used are technically valid] (technical support for the developing countries has been adequately rendered];} [(0) [(£) [(9) [ (h) ((4) [(3) [v. [vi. 31 consider whether [, if proposed projects have been identified, prepare a report of a descriptive nature for the Conference of seek, receive and consider, as necessary, relevant information consult with and seek the advice of other subsidiary bodies, as necessary;] perform (only) the functions assigned to it [under Article VII.2. (Resolution of Questions)] (under this Convention];] confirm to the Conference of the Parties that Parties have (ensure the adequate protection of intellectual property rights perform such other functions as may be assigned to it by the 1. 32 [VI.4. ADVISORY COMMITTER ON SCIENCE] [AND TECHNOLOGY) [CLIMATE PROTECTION AND DEVELOPMENT] An [Advisory Committee on Science] [and Technology] [Science Mechanism] [under the auspices of the Conference of the Parties] is hereby established [, in pursuit of the objectives of the Convention). 2. The Committee] [mechanism] shall provide the Conference of the Parties, (and as appropriate its other subsidiary bodies] with timely information (and advice] (on scientific aspects of this Convention], [including the fields of natural, (technological] physical [and] social (and economic] sciences, related to climate change including, (its impacts on ecosystems and relationship to development]. 3. Alternative A The [Committee] [ Mechanism] shall comprise [x] [persons of recognized competence in relevant fields of expertise] [competent government representatives) (sitting in their individual capacity] (selected by the Conference of the Parties by methods to be decided at its first meeting] [on the basis of equitable/geographical (distribution] [representation]]. (The [Committee] [Mechanism) shall be open ended.] [Its functions shall include (providing to the Conference of the Parties in terms most useful to it) [inter alia): (a) (b) (c) (d) (0) (2) (9) (h) (1) regular (assessments) (interpretations] of [the state of [updating best available knowledge on sciences related to climate suggest priorities for scientific (programmes and] research and international cooperation, (and make recommendations on ways and means to support endogenous capacity building in developing countries] (in accordance with Article .....]} analyse (the impacts of and responses to] climate change (and [respond to questions raised by the Conference of the Parties in the fields within its mandate;] [on scientific aspects of the Convention]; (review from the scientific viewpoint the effects of measures [identify innovative, efficient and state of the art technologies and know-how and advice on the ways and means to ensure transfer of such technology]; and [review the adequacy of international cooperation in research and development and make recommendations to the Conference of the Parties). [The Committee shall perform any other function to be conferred by the Conference of the Parties].] Alternative i [The functions, membership and operations of the [Committee] [Mechanism] shall (may be specified or modified] be decided by the Conference of the Parties (at its first meeting).] Alternative C [For the purposes of the Convention, the Advisory Committee shall take up responsibility for all functions so far carried out by the Intergovernmental Panel on Climate Change, which, upon the entry into force of this Convention, will be invited, by the Parties, to integrate the structure of the Convention, under the Advisory Committee. The Advisory Committee shall, besides incorporating the functions until now undertaken by the Intergovernmental Panel on Climate Change, provide regular assessments on questions related to developmental concerns and implications of the new regime for cooperation on climate change, as set forth in this Convention.]] VI.5. 34 [[ADMINISTRATIVE] [INDEPENDENT FUNDING】 MECHANISM FOR OPTION 1 - Alternative A [INTERNATIONAL CLIMATE FUND] (A mechanism for financial resources and the transfer of technology is hereby established. It shall include a Climate Fund. [It may also include other modalities for the provisions of financial resources under this Convention.] The Financial Mechanism/Fund shall operate under the authority of the Conference of the Parties. The Parties shall establish appropriate arrangements for the administration of the financial and [the transfer of technology] mechanism/Fund. [The Executive Committee of the Parties/or another body designated by the Parties) shall, with the consent of the Conference of the Parties, develop and monitor the implementation of the specific operational policies, including the selection of projects,] for the purposes of achieving the objectives of the financial mechanism/Fund. [The Financial Mechanism/Fund shall be administered as a Trust Fund by the Global Environmental Facility (GEP) of IBRD/UNDP/UNEP. }] OPTION 1 - Alternative 8 Establishment [1. An [administrative] (independent funding] mechanism for [the administration) of the financial resources and the transfer of [safe and sound] technology, with a democratic and transparent system of governance, [and equitable participation by developed and developing countries] is hereby [established] [designated under the auspices of ..1.1 [Possible Alternative Text A financial mechanism is hereby established. The financial mechanism shall operate under the authority of the Conference of the Parties who shall decide on its overall policies. The Executive Committee of the Parties shall, with the consent of the Conference of the Parties, develop and monitor the implementation of the specific operational policies for the purpose of achieving the objectives of the financial mechanism.) [Possible Additional Text The financial mechanism shall include a Climate Fund which shall be administered as a Trust Fund by the Global Environment Facility of World Bank/UNDP/UNEP. The Climate Fund shall meet on a grant or concessional basis the agreed incremental costs of developing countries referred to in Article ..] Functions [2. The [administrative) mechanism for financial resources and [safe] technology transfer shall: [(a) (b) Be responsible for the administration of funds, including those Be accountable to the Conference of the Parties for its (c) (d) (0) 35 priorities and criteria established by the Conference of the Be responsible for receiving assessed and other contributions, either financial or as otherwise provided by Parties and other bodies, in accordance with criteria set out by the Conference of the Parties; Establish appropriate accounting procedures to ensure that all assessments and contributions made to fulfil obligations of the Convention are properly recorded, credited and accounted for; Be responsible for facilitating the identification and selection Functions related to transfer of technology [(£) ((9) [(h) [(1) [(3) ((k) ((2) Pursuant to the operational guidelines and policy direction of the Conference of the Parties, coordinate the appropriate procedures and take the necessary steps to promote, facilitate and enable the transfer of technology;] Provide funding to purchase requisite technologies for the Promote, and finance when necessary, the exchange of and access to technological information required by the Parties. The technological information should include inter alia, the environmentally sound and safe technologies including those that have been neglected or displaced, the technological options, trading conditions, implementation costs and technological security;] Coordinate ways and means to develop long-term technological Organize, when requested by a recipient Party, or group of recipient Parties and on terms and conditions set out by such recipient countries, international competitive bidding to purchase requisite technologies for transfer to the requesting Parties;] Provide requested support to a recipient Party or group of recipient Parties to assess the offers presented in international Competitive bidding, to enable the requesting Parties to obtain the most favourable terms and conditions, including inter alia, in terms of price, transfer of know-how, high safety and environmental requirements, training, supply of spare parts, and maintenance;] Ensure the development of endogenous capacity building in developing country Parties, including technologies in the public domain, in accordance with their development plans, objectives and priorities of these countries, through, inter alia, the supply of necessary equipment, expertise and facilities for |