B.32/08: Guidance from the twenty-sixth session of the Conference of the Parties to the United Nations Framework Convention on Climate Change

The Board, having considered document GCF/B.32/10 titled “Guidance from the twentysixth session of the Conference of the Parties”:

1. Takes note of this report, including the actions to be undertaken by the Board and Secretariat in 2022 in response to guidance received from the Parties during the twentysixth session of the Conference of the Parties, as contained in annex VIII;
2. Requests the Co-Chairs, with the support of the Secretariat, to include an overview of progress on the updated four-year workplan of the Board in the eleventh report of the Green Climate Fund to the Conference of the Parties to the United Nations Framework Convention on Climate Change;
3. Agrees to clarify the use of data and information from, inter alia, the Intergovernmental Panel on Climate Change, and traditional, local and indigenous knowledge and practices in the assessment of concept notes, project preparation funding applications and funding proposals; and to provide this clarification, with the support of the Secretariat, in the consideration of relevant policies as part of its workplan;
4. Requests the Secretariat to present by the thirty-fourth meeting of the Board an information paper for the consideration of the Board for diversifying its selection of financial instruments for addressing climate risk, including parametric insurance for climatic events; and
5. Also requests the Secretariat to prepare by the thirty-third meeting of the Board an information paper outlining the current approach on financing for forests and alternative approaches