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The shared vision for long-term cooperative action recognizes the strong link between adaptation
and mitigation as well as the cross-cutting role played by financing, technology transfer and capacitybuilding.
Failure to implement ambitious and immediate mitigation actions by developed countries will
increase the need for adaptation in developing countries and therefore for financial support. .At the same
time, increased financial support and technology transfer to developing countries will help these
countries in their implementation of NAMAs, reducing the risk of crossing tipping points that could
result in abrupt climate change.
21. The COP, as the supreme body of the Convention, shall exercise its authority over and provide
guidance to the financial mechanism, and shall decide on its operation and on the policies, programme
priorities and eligibility criteria for financing purposes.
22. The COP shall appoint a board,9 which shall function under the authority and guidance of and be
accountable to the COP, to manage the financial mechanism and the related facilitative mechanism, funds
and bodies, which shall have an equitable and balanced representation of all Parties within a transparent
system of governance, to address all aspects of the means of implementation for developing countries, for
both adaptation and mitigation.
23. The role and remit of the COP in the modalities and procedures of such a mechanism must be
clear, including the setting of operational guidelines, the election of executive board members, approval
of final budgets, and audit process or verification.
24. The Board shall be assisted by a dedicated secretariat of professional staff contracted by the
Originally posted by woodwardjnr
have you found the bit about a Communist New World Order coming into effect. No? Well i look forward to reading it