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The Conference of the Parties shall make arrangements to implement the...provisions at its first session, reviewing and taking into account the interim arrangements referred to in Article 21, para 3, and shall decide whether these interim arrangements shall be maintained. Within four years thereafter, the CoP shall review the financial mechanism and take appropriate measures. The developed country Parties may also provide and developing country Parties avail themselves of, financial resources related to the implementation of the Convention through bilateral, regional and other multilateral channels. Article 12: 1. In accordance with Article 4, para 1, each Party shall communicate to the CoP, through the secretariat, the following...information: (a) A national inventory of anthropogenic emissions by sources and removals by sinks of all greenhouse gases not controlled by the Montreal Protocol, to the extent its capacities permit, using comparable methodologies to be promoted and agreed upon by the CoP; (b) A general description of steps taken or envisaged by the Party to implement the Convention... 2. Each developed country Party and each other Party included in Annex I shall incorporate...the following elements of information: (a) A detailed description of the policies and measures...adopted to implement its commitment under Article 4, para 2(a) and 2(b); and (b) A specific estimate of the effects that the policies and measures... will have on anthropogenic emissions... 4. Developing country Parties may...propose projects for financing, including specific technologies, materials, equipment, techniques or practices that would be needed to implement such projects, along with, if possible, an estimate of incremental costs, of the reductions of emissions and increments of removals of greenhouse gases, as well as...of the consequent benefits. 5. Each developed country Party and each other Party included in Annex I shall make its initial communication within six months of the entry into force of the Convention for that Party. Each Party not so listed shall make its initial communication within three years of the entry into force of the Convention...or of the availability of financial resources in accordance with Article 4... Parties that are least developed countries may make their initial communication at their discretion. |