Sustainable finance

Standing Committee on Finance (SCF)

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Definition

The Standing Committee on Finance is a UNFCCC constituted body established in 2010 to assist the Conference of the Parties in exercising its functions with respect to the financial mechanism: improving coherence and coordination in climate finance delivery, rationalising the financial mechanism, mobilising finance, and measuring and verifying support. It produces the biennial assessment of climate finance flows and the periodic determination of the needs of developing countries, and organises the annual SCF Forum.

References

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This reference provides supporting context for how “Standing Committee on Finance (SCF)” is defined and used.

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Source imported for editorial provenance.

Overview

How it is used

The committee structures climate finance transparency debates, COP finance agenda items, and the evidence base for the NCQG and Article 2. 1(c) discussions.

Why it matters

Climate finance runs on trust between provider and recipient countries; the SCF is where that trust is measured.