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12. Paragraph 1 above shall not, however, preclude u State or regional economic integration organization, when signing, ratifying, accepting, approving or acceding to this convention, from 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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Writtea Hotification of withdrawal from Conveation 1. At any tio aftor (throol (five) years 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 Depositary. Bffective Date of withdrawal 2. Any such withdrawal shall take effect 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 frou Convention considered as withdrawal from Protocol 3.

Any Party that withdraws from this convention shall be considered as also having withdrawn froa any protocol to which it is a Party.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 WEERBOP the undersigned, being duly authorized to that offect, have signed this convention.

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

RESEARCH AND SYSTEMATIC OBSERVATION) 1: /

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

58

(NONI 11

REPORTING

1. Reports submitted pursuant to Article (VII. 1.) (Reporting) (shall) (may) contain l. inter alig, l the following information:

(a)

Description of relevant national circumstances relating to climate
change and, for developing countries, any particular difficulties
faced by them,
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 measures it is taking to implement this convention, including
the fulfilment of any general specifi commitments, with respect
to, inter alle, national (strategies and) programmer, mitigating
and adapting to climate chango; rosourch and systematic
observation; exchange of informations public awareneus; financial
resources and cooperation and related tochnology transferi )

Option 2

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(For developed country Parties, l (and developing country Parties)
( nousuros) (national strategiasi i policies) to mitigate and adapt
to climate change (including a description of specific actions
being takon or to be takon, with respect to sach gas in each sector
solected for action by the Party):
(Housuru takon in fulfilment of the (obligations) (opecific
commitments | under the Convention, Iwith particular attention to
(roductions of missions, transfer of financial resources and
technology) (anorgy efficiency and conservation, now (and
ronowablej onorgy sources, ) (mitigating the adverse consequences of
climate changel (protection and enhancement of) sinks, (land use
and management, j coastal zone management, transportation and
industrial processos (and agricultur.))
Current projections for annual levels of sources and sinks of
greenhouse gases and expected changes and trends taking into
account nousures and policius described under (C):)
Expected changes and trends in (not) missions of (main) greenhouse
gasos (and sinks) (including estimates of the tnoti offects of its
actions on national (not) greenhouse gas emissions] (and sinks)
(with particular reference to the achievement of any target
established in the Convention);)
Parties undertaking specific commitments may includo ust imator of
the costs of specific measures to most coma itmonts 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

((h)

Por developing country Parties, (projects for) (requirements of ]
transfer of technology and financial resources to mitigate and
adapt to climate change, as well as est imated grous and incrementa!
costs (of those projects) Ito fulfil these requirements;)

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(Effective measurus in fulfilment of obligations and specific
commitments relative to the provision of adequate, now and
additional financial resources, and accous 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: 1
Option 2
(Effective measures in fulfilment of obligations and specific
commitments relative to the provision of linancial resources and

cooperation on transfer of technology: 1
1131 Description of methodologies used in making its estimates in areas

where there is no methodology agreed under the present Convention;) 1(k) Efforts l.as appropriate, ) to coordinate and harmonize measures to

avoid trade distortions; )
(11) Rolovant national research (and development, and systematic

observation programes and participation in International

programmes ; ) (m) National (programmes ) (measuros) and international cooperation with

regard to education, training and public awarınos (and technology

transterlo)
(in) efforts to implement (obligations (opecific commitments, jointly

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

objective of the convention. Purther, reports may, on a voluntary basis, identify proposed projects :: need of investment including specific technologios, materials, equipment, techniques or practices that would be needed to implement such projects and an est Loate of the costs and not greenhouse gas emission reduction associated therewith.

2.

3. (A Party may designato (the following) (any) typolo) of information
contained ba ito report as confidentiall.li: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

socurityl of that Partyol
((b) Information that is of a propriotary commercial naturo; )
(C) Information the release of which would result (directly, in

(significant, economic or commercial dislocation for that party; or ((d) Such other information as Ithe Party believes is confidentiall

agreed upon) (thought necessary by the Party) (by the Party and the Advisory Committee on Implementation).111

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

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

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

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The Pool should be under the control and direction of tho
Conference of the Parties; and

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The resources of the Pool should be used to compensate the most vulnerable small island and low-lying coustal dovoloping countries for loss and damage resulting from sea level rise.

2.

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

Mothods 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 loss resulting from sea level rise; and

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

3.

(a)

The financial burden of loss and damage suffered by the most
vulnerable small island and low-lying developing countries
(hereinafter referred to us "Group 1 countries, as a result of sea
lovel riso shall be distributed in an equitable manner amongst the
industrialized developed countries (hereinafter referred to as
*@roup 2 countries') by means of a Pool,
The Pool shall be funded by contributions lovied on Group 2
conatrios,

(b)

(C)

The administrating authority for the scheme (hereinafter referred to as "the Authority, shall be a body controlled on an equitable basis by the Group i and Group 2 countries within the framework o: the Conference of the Parties;

63

(d)

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 Nuclour Energy, as follows:

(1)

as to 501, on the basis of the ratio between the gross national product at current prices of each Group 3 country and the total of the grow national products of all Group 2 countries in the year prior to the your in which the contribution was levied (hereinafter referred to as "the contribution year");

(0)

(ii)

as to 506, on the basis of the ratio between the total
emissions of co, of each Group 2 country, and the total
co, emissions of all Group 2 countries in the your prior

to the contribution your;
Ton yours from the date on which the convention enters into force
the Group 2 countries shall contribute to the pool an agreed
percentage of the total of the grous national products of all Group
2 countries in the year prior to the contribution year, apportioned
as in paragraph (d), provided that over the ten your period the
rate of global noun sea level rise will have ruched an agreed
figure. 16 the rate of global mean sou loval rise has not reached
the agreed figur. by the end of the ten your period, I review shall
thersifter be carried out at five-yourly intervals 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 to
established to the satisfaction oš the Authority that the rate of
global moun sa lovel riso has reached the agreed liguro or that
absoluto global noun sea level rise has couched an agrood figure;
The insurance fund so constitutod shall be invested by the
Authority in interest bouring securitio u determined by the
Conference of the Parties;

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No right to claim against the Pool in respect of loss or damage in any area of 1 Group 1 country shall arise untils

(9)

(1)

It shall have been established to the satisfaction of the Authority that the rate of global mean sea level rise and the absolute level of global woan soa lovel sise has reached agreed figures;

(11)

it shall have been established to the satisfaction of
the Authority that the relative mean sea level rise for
uny insured aru in 1 Group 1 country has reached an
agrood lovol above baso lovel, determined for each area
insured (such relative mean sou level figuros 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 dato plus one
you baing (hereinafter 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 cont imetros above the base levels coferred to in paragraph (9) (ii) shall be valued for insurance. Marketed assets shall be valued on the basis of gross domestic product for the insurod area in question. Non-marketed interests shall be valued on the basis of formula. to be agrood;

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