COP Decision 15/7 established an Advisory Committee on Resource Mobilization to support the strengthening of the strategy for resource mobilization and to operationalize the measures in the decision itself. The advisory committee on resource mobilization will report its work to Subsidiary Body on Implementation at its fourth meeting and subsequently to the Conference of the Parties at its sixteenth meeting.
The Terms of Reference to the Advisory Committee on Resource Mobilization can be found on Annex II of decision 15/7.
Advisory Committee Members
As specified in paragraph 43 of decision 15/7, the Secretariat invited Parties and observers to nominate an expert to represent their country or organization in the Advisory Committee on Resource Mobilization through notification 2023-011. The notification highlighted that the Advisory Committee would be composed of up to ten dedicated representatives per region, ten representatives of relevant organizations and initiatives, as well as ten representatives of stakeholders, indigenous peoples and local communities, women, and youth, preserving balance between regions, and striving for gender balance.
Based on the criteria specified in Annex II of decision 15/7, and with due regard to regional and gender balance, the Secretariat selected 64 members for the Advisory Committee. This was communicated to Parties through notification 2023-101. The full list of members of the Advisory Committee can be found in the Annex to the aforementioned notification, here.
Meetings of the advisory committee
The Advisory Committee on Resource Mobilization first met in-person, in a meeting held in Kinshasa, Democratic Republic of the Congo, from 25 to 29 September 2023. The documents from that meeting are available here, and the Co-Chair summary can be found here. During the in-person meeting in Kinshasa, the Advisory Committee agreed to a workplan that included holding four online meetings between 2023 and 2024, and one more in-person meeting before the fourth meeting of the Subsidiary Body on Implementation.
The first virtual meeting of the Advisory Committee was held on 22 November 2023. During this meeting, the committee took stock on the landscape study on biodiversity finance and was updated on the progress in the development of phase I of the strategy for resource mobilization. The second virtual meeting of the Advisory Committee was held on 18 January 2024. During this meeting, the committee discussed phase II of the strategy for resource mobilization and was updated on the development of the landscape study on biodiversity finance.
The Advisory Committee on Resource Mobilization is expected to meet again for two more virtual meetings in February 2024. The Advisory Committee will also hold one final in-person meeting in mid-March 2024, where the final report of the group to be delivered to SBI-4 will be drafted.
