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12. Paragraph 1 above shall not, however, preclude a state or regional economic integration organization, when signing, ratifying, accopting, approving or acceding to this convention, iron making declarations or statements, provided that such declarations or statements do not purport to exclude or to modify the effects of the provisions of the Convention in their application to that state or regional economic integration organization. )

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1. At any time aftor (throol ltivol yours from the date on which this Convention has entered into force for i Party, that Party may withdraw from the Convention by giving written notification to the Depositiry. Bffectiv. Date of withdrawal 2. Any such withdrawal shall take offect upon expiry of (six months (one year) from the date of its receipt by the Depositary, or on such later date as may be specified in the notification of the withdrawal. withdrawal from convention considered as withdrawal from Protocol 3. Any Party that withdraws from this convention shall be considered as also having withdrawn from any protocol to which it is a Party.

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The original of this convention, of which the Arabic, Chinese, English, French, Russian and Spanish texts are equally authentic, shall be deposited with the Secretary-General of the United Nations.

IN WITNESS WIBREO! the undersigned, boing duly authorized to that offect, have signed this convention.

Dono at

this

. day of

19...

(NOBIBS)
(MOBI I

(RESEARCH ( TECHNOLOGICALI ((AND) DEVELOPMENT |
AND SYSTEMATIC OBSERVATION I (TECHNOLOGICAL AND SCIENTIFIC

RESEARCH AND SYSTEMATIC OBSERVATION) 1:/

Samo text as in N/AC.237/15, Annex II

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1. Reports submitted pursuant to Article (VII. 1.) (Reporting) (shall) (may! contain winter alia, 1 the following information:

(a)

Description of relevant national circumstances relating to climate
change and, for developing countries, any particular difficulties
faced by thea,
National Inventories of sources and sinks of all groonhouse gases
not controlled by the Montreal Protocol, using comparable
methodologies agreed upon by the Conference of the parties;

(b)

(c)

Option 1

[The measurus it is taking to implement this convention, including
the fulfilment of any general or specific commitments, with respect
to, inter all, national (strategies and) programm01; mitigating
and adapting to climate change; resourch and systematic
observation; exchange of informations public awareness; financial
resources and cooperation and related tochnology transferi)

Option 2

((d)

(For developed country Parties, 1 (and developing country Parties)
Imeasuros) (national strategies! Ipolicies, to mitigate and adapt
to climate change (Including a description of speciiic actions
being taken or to be takon, with respect to each gas in each sector
selected for action by the Partyli
(Mousuros taken in fulfilment of the (obligations) (opecific
commitments under the Convention, (with particular attention to
(roductions of emissions, transfer of financial resources and
technology) (energy efficiency and conservation, now (and
renewable energy sources, I mitigating the adverse consequences of
climate changol (protection and enhancement of) sinks, (land use
and management, 1 coastal zone management, transportation and
industrial processo. (and agriculturolol
Current projections for annual levels of sources and sinks of
greenhouse gases and expected changes and trends taking into
account poliures and policies described under (C)ol
Rapocted changes and trends in (not) emissions of (main) greenhouse
gases (and sinks) (including estimates of tho net i offects of its
actions on national (net) greenhouse gas emissions (and sinks ]
(with particulo rotorence to the achievement of any target
established in the Convention);)
Parties undertaking specific commitments may include estimates of
the costs of specific measures to most commitments under the
Convention, guided by a methodological framework they have agreed
upon; )
Contributions to the financial and technology transfer
mechanism; )

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59

11)

((h) Por developing country Parties, (projects for) (requirements ofl

transfer of technology and financial resources to mitigate and
adapt to climate change, as well as estimated gross and incrementa!
costs (of those projects] (to fulfil these requirements;)
Option 1
(Effective measures in fulfilment of obligations and specific
commitments relative to the provision of adequate, new and
additional financial resources, and access to and transfer of
environmentally sound technology on a preferential and non-
commercial basis contributions to the financial mechanism of the
Convention and description of programmes for technological
cooperation; /
Option 3
(Effective measurus in fulfilment of obligations and specific
commitment, relative to the provision of financial resources and

cooperation on transfer of technology il
110) Description of methodologies used in making its estimates in areas

where there is no nethodology agreed under the prosent Convent ion; ) Ilk) Efforts 1.as appropriate, ) to coordinate and harmonize measures to

avoid trade distortions; I
((1) Rolevant national research (and development, and systematic

observation programes and participation in international

programmes ;) I (0) National (programmer ) (measuro) and International cooperation with

regard to education, training and public awareness (and technology

transferli)
(in) Efforts to implement (obligations) (opecific commitments, jointly

with another Party or Parties;) and
(0) Such other actions as are relevant to the achievement of the

objective of the Convention. 2. Purther, reports may, on a voluntary basis, identify proposed projects :: need of investment including specific technologies, materials, equipment, techniques or practices that would be needed to implement such projects and an ustinate of the costs and not greenhouse gas emission reduction associated thorowith. 3. (A Party way designate (the following! (any/ typolol of information contained la ito report as confidentiall. 11:11 (Possible alternative chapeau

(A Party and the Advisory Committee on Implementation may agree that cortain information contained in the report of that party is confidential. Categories of confidential information include: ) (la) Information that is directly related to the national defence (and

security) of that partyol
(16) Information that is of a proprietary commercial naturo; )
(C) Information the release of which would result (directly) in

loignificant) economic or commercial dislocation for that party; or (id) Such other information as (the Party believes is confidentiall

(agreed upon) (thought necessary by the Party) (by the Party and the Advisory Committee on Implementation).dll

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There should be established, as an integral part of the Convention,
an International climate Pund finance measure to counter the
adverse consequences of climate change, especially drought and
desertification, and a separat. International Insurance Pool
(hereinafter referred to as "the Pool") to provide financial
insurance against the consequences of soa lovel rise;

(b)

Revenue for the pool should be drawn from mandatory sources, in particular developed country assessments;

(c)

The financial resources of the Pool should be now, additional and adequate;

(d)

(O)

The Pool should be under the control and direction of the
Conference of the Parties; and
The resources of the Pool should be used to compensate the most
vulnerable small island and low-lying coastal developing countries
for loss and damage resulting from sua lovel riso.

2.

The Partie further recognize that the formulation of a scheme for a Pool involves consideration of the following main questions:

Methods of funding a Pool;

classification of the types of loss to be covered by the Pool; Criteria for establishing entitlement to claim against the Pool; Methods of evaluating los resulting from sou level rise; and

3.

Limitations on the amount of compensation payable by the pool.
The Parties accordingly agre. as follows:

(a)

The financial burden of loss and damage suffered by the most
vulnerable small island and low-lying developing countries
(hereinafter referred to as "Group 1 countries"; as a result of sea
lovel rise shall be distributed in an equitable manner amongst the
industrialized developed countries (heroinafter referred to as
"Aroup 2 countries") by means of a Pool,
The Pool shall be funded by contributions levied on Group 2
countries

(b)

The administrating authority for the scheme (hereinafter referred to as "the Authority") shall be a body controlled on an equitabi. basis by the up 1 and

(c)

2 countries within the framework o! the conference of the Parties;

63

(a) The contributions referred to in paragraph (b) shall be calculated

according to a formula modelled on the 1963 Brussel. Supplementary
Convention on Third Party Liability in the field of Nuclear Energy,
u follows:
(1)

us to sos, on the basis of the ratio between the gross
national product at current prices of each Group 3
country and the total of the grous national products of
all Group 2 countries in the year prior to the your in
which the contribution was loviod (hereinafter cotorred

to as "the contribution your"); (ii) as to sou, on the basis of the ratio between the total

emissions of co, of each Group 2 country, and the total con. cal...on of all Group 2 countries in the year prior

to the contribution your; (O) Ton years from the date on which the convontion enters into force

the Group 2 countries shall contributo to the pool an agreed
percentage of the total of the grous national products of all Group
2 countries in the your prior to the contribution yoar, apportioned
as in paragraph (d). provided that over the ton your period the
rate of global mean sea level rise will havo roached an agreed
figuri. It the rate of global maan sou level rise has not reached
the agreed figure by the end of the ten your period, I coviow shall
theruiftor be carried out at five-yearly intorval. and the
obligation of the Group 2 countries to contributo to the pool will
not arise until the year following the review in which it is
established to the satisfaction of the Authority that the rate of
global mean sea lovel rise has reached the agreed figure or that

absoluto global moun sa lovel rise has couched an agreed figure; (8) The Insurance fund so constituted shall be invested by the

Authority in interest bearing securities un determined by the

Conference of the Parties; (9) No right to claim against the Pool in respect of loss or damage in

any arus of Group 1 country shall arise until:
(1)

It shall have been ustablished to the satisfaction of
the Authority that the rate of global noun sea level
rise and the absoluto level of global man sou lovel

rise has reached agreed figuruj
(11)

It shall have been established to the satisfaction of
the Authority that the rolative mean sea level rise for
any insured art in a Group 1 country has reached an
agrood lovol above base levels determined for each area
Insured (such relative mean sou levol llguru having
been determined within ton years of the convention
coming into force); and
ono you shall have elapsed from the date upon which the
figuros referred to in sub-paragraph (1) shall have been
established as having been reached (that dat. plus one
you being (heroinafter referred to as "the inception
dato").

(h)

In the first instance those areas of Group 1 countries which would be directly affected by sea level rise to a level of an agreed number of centimetrus above the base lovels ceferred to in paragraph (9) lii) shall be valued for insurance. Marketed assets shall be valued on the basis of grous domestic product for the insured area in question. Non-marketed interests shall be valued on the basis of formula. to be agrood;

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