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1. The Ad Hoc Working Group on Long-term Cooperative Action under the Convention (AWG-LCA), at its sixth session, had before it a negotiating text prepared by its Chair.1 At that session, Parties provided general comments on the structure and content of the negotiating text, stated reservations and objections to elements of the text, and proposed additions and modifications. The incorporation of this input resulted in the revised negotiating text.2
2. The revised negotiating text was considered at the informal meeting of the AWG-LCA held in Bonn, Germany, on 10–14 August 2009. Informal groups and sub-groups were set up to work on different sections of the text with a view to modifying it in the direction of consolidation and convergence. This document reflects the results of that work, as well as subsequent work undertaken by the group facilitators. This document does not, however, replace the revised negotiating text, which remains on the table.
38. The scheme for the new institutional arrangement under the Convention will be based on three basic pillars: government; facilitative mechanism; and financial mechanism, and the basic organization of which will include the following:
(a) The government will be ruled by the COP with the support of a new subsidiary body on adaptation, and of an Executive Board responsible for the management of the new funds and the related facilitative processes and bodies. The current Convention secretariat will operate as such, as appropriate.
Page 19 (b) The Convention’s financial mechanism will include a multilateral climate change fund including five windows: (a) an Adaptation window, (b) a Compensation window, to address loss and damage from climate change impacts, including insurance, rehabilitation and compensatory components, (c) a Technology window; (d) a Mitigation window; and (e) a REDD window, to support a multi-phases process for positive forest incentives relating to REDD actions.
(c) The Convention’s facilitative mechanism will include: (a) work programmes for adaptation and mitigation; (b) a long-term REDD process; (c) a short-term technology action plan; (d) an expert group on adaptation established by the subsidiary body on adaptation, and expert groups on mitigation, technologies and on monitoring, reporting and verification; and (e) an international registry for the monitoring, reporting and verification of compliance of emission reduction commitments, and the transfer of technical and financial resources from developed countries to developing countries. The secretariat will provide technical and administrative support, including a new centre for information exchange.
(e) an international registry for the monitoring, reporting and verification of compliance of emission reduction commitments, and the transfer of technical and financial resources from developed countries to developing countries.