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Climate Policy 2(2002) 243-246 The Bonn-Marrakech Agreements on Funding

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Document begins: Climate Policy 2(2002) 243-246 The Bonn-Marrakech Agreements on Funding Saleemul Huq The third assessment report of the Intergovernmental Panel on Climate Change (IPCC) has highlighted the enhanced vulnerability of the poor developing countries to the adverse impacts of human induced climate change (IPCC, 2001). It goes on to emphasize the need for countries to take adaptation measures and to build adaptive capacity to climate change. This issue was also recognized by the United Nations Framework Convention on Climate Change (UNFCCC) which created several funds at the second half of the sixth Conference of Parties (COP6 bis) held in Bonn, Germany in July 2001. This was followed at the seventh meeting (COP 7) in Marrakech, Morocco in November 2001 where the mechanisms for disbursement of these funds was agreed to be through the Global; Environment Facility (GEF): The newly created funds were as follows (Decision x/CP.7, title: Funding under the Convention, F in Marrakech Accords): 1. A Special Climate Change Fund to support: (a) Adaptation (b) Technology Transfer (c) Energy, transport, industry, forestry and waste management and (d) Activities to assist developing country parties . in diversifying their economies (Decision title: Matters relating to Article 4, paragraph 13 of the ...

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