The FIP Sub-Committee is the decision-making body responsible for overseeing and deciding on the operations and activities of the FIP.
Composition of the FIP Sub-Committee
List of Members
- Up to six representatives from contributor countries to the FIP. Current contributor country members: Australia/Sweden, Denmark/Spain, Japan, Norway, United Kingdom, and United States.
- Six representatives from eligible recipient countries to the FIP were selected on a regional basis and through a consultation process among recipient countries. Current recipient country members: Brazil, Democratic Republic of Congo, Ghana, Indonesia, Mexico, and Peru
FIP Sub-Committee decision-making is by consensus. Members of the FIP Sub-Committee serve for one year terms, and may be reappointed.
All pilot countries under the program, members of the MDB Committee and the Trustee may attend the FIP-SC as active observers.
- 2 civil society representatives;
- 2 indigenous peoples representatives; and
- 2 private sector representatives.
- agreeing upon the number of country or regional pilot programs;
- approving the terms of reference for, and the composition of, the expert group;
- appointing the members of the expert group;
- approving elaborated criteria for selection of country or regional pilots based on section V “Criteria of Selection of Country or Regional Pilots” and guidance to be followed by the expert group;
- selecting pilot countries taking into consideration the recommendations of the expert group;
- approving elaborated programming priorities and operational criteria based on section VI, “Criteria for FIP Investment Strategies, Programs and Projects”;
- approving financing terms and modalities for the FIP, including those for private sector activities;
- endorsing further development of activities in investment strategies for FIP financing;
- approving FIP financing for programs and projects;
- ensuring complementarity between activities foreseen for the FIP and activities of developing countries, relevant regional organizations and initiatives and other development partners active in the field of climate change and forests, including the Forest Carbon Partnership Facility (FCPF) and other MDB efforts, the United Nations Collaborative Programme on Reducing Emissions from Deforestation and Forest Degradation in Developing Countries (UN-REDD Programme) and other United Nations efforts, and Global Environment Facility (GEF);
- ensuring that the FIP program builds in provisions for evaluating the performance and effectiveness of FIP investments and for developing full reporting criteria and a performance measurement framework, taking into account Annex II of this document;
- periodically reviewing and publishing the effectiveness and impact of FIP programs and activities, and ensuring that “lessons learned” are applied to future FIP investments and transmitted through the SCF Trust Fund Committee to the United Nations Framework Convention on Climate Change (UNFCCC) and other stakeholders; and
- exercising such other functions as they may deem appropriate to fulfill the purposes of the FIP.