of the Convention on Biological Diversity, Article 28
of the Cartagena Protocol on Biosafety and Article 25
of the Nagoya Protocol on Access to Genetic Resources and the Fair and Equitable Sharing of Benefits Arising from their Utilization set out the framework of financing agenda under the Convention. The Memorandum of Understanding between the Conference of the Parties to the Convention and the Council of the Global Environment Facility, contained in decision III/8
, provides legal basis for the relationship between the Convention and the Facility, including the role and responsibilities of each institution. The Conference of the Parties, supported by the Secretariat, keeps under review the implementation of financing provisions of these Articles and the agreement at its ordinary meetings.
Financial resources related to the implementation of this Convention may also be available through bilateral, regional and other multilateral channels (Article 20, paragraph 3
. The Contracting Parties shall consider strengthening existing financial institutions to provide financial resources for the conservation and sustainable use of biological diversity (Article 21, paragraph 4. In this regard, monitoring of funding status and trends
has been undertaken. Entry point for submitting financial reports Global Environment Facility Green Climate Fund