Towards the Fifth Review of the UNFCCC’s Financial Mechanism

● The Fifth Review of the UNFCCC’s Financial Mechanism provides an opportunity for Parties to consider improvements in climate finance in a comprehensive way.

● Lessons can be drawn from past reviews, but the scope of the Fifth Review is much broader and involves new institutions.

● The UNFCCC’s Standing Committee on Finance (SCF) will lead the Fifth Review and should draw upon a wide range of inputs from processes across the UNFCCC.