Document Summary


Decision B.3/4

The Board recognized that such an approach was likely to take considerable time. In the meantime, the Board considered an alternative approach which would provide fiduciary risk management oversight through a legal entity established and/or existing at the national level to enable direct access to resources. For that purpose, the Board decided to develop criteria and guidelines for the accreditation with the Board of such legal entities that would enable similar international fiduciary standards to be applied to the execution of adaptation programmes and projects approved by the Board. The fourth Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol was requested to take note of the approach presented above.


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