BSTDB Is Provisionally Granted the Observer Status to the COP on Climate Change

News | 28-Jun-2017

BSTDB is pleased to announce that following its application for the observer status to the United Nations Climate Change Conference, the Bank has passed the review process and was granted provisional admittance to attend the next Conference of the Parties (COP) taking place in Bonn on 6-17 November 2017. The final decision on admission of BSTDB as an observer Intergovernmental Organization (IGO) is expected to be taken by the Parties during the Conference.

The COP is the supreme decision-making body of the United Nations Framework Convention on Climate Change and is represented by all the states that are Parties to the Convention.

Provisional admittance of BSTDB to COP23 is an important step towards closer cooperation with the United Nations and other international organizations in tackling climate change. BSTDB believes it can play a more active role in this respect and seeks to respond to the calls for the non-party stakeholders, such as financial institutions, to support actions that reduce emissions, build resilience, and decrease vulnerability to the adverse effects of the changing climate.