COP 13: Intervention by the United States Delegation -- Financial Mechanism GEF Report (Agenda Item 5(b) )Meeting of the Subsidiary Body for Implementation As prepared. Last year in Nairobi, the COP concluded that the Global Environment Facility was effectively performing its its role as an operating entity of the financial mechanism of the Convention. One year later, we continue to appreciate the efforts of the GEF to catalyze investments in clean and economically sustainable technologies, in support of our commitments under the Convention. We also appreciate the efforts of the GEF to be directly responsive to the guidance we provided in Nairobi and previously, including with its development of a new, streamlined project cycle and its six strategic programs for cost-effective greenhouse gas mitigation. In looking ahead, we want to particularly appreciate several areas addressed in the GEF report:
Thank you, Mr. Chairman. |