Sustainable finance
Standing Committee on Finance (SCF)
The UNFCCC body assisting the COP in overseeing and improving the coherence of the climate finance architecture.
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.
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