1 Amendments of Birgit SCHNIEBER-JASTRAM related to 2011/0372(COD)
Amendment 5 #
Proposal for a regulation
Recital 16
Recital 16
(16) Under Decision 1/CP.15, the Union and the Member States committed to providing substantial climate financing to support adaptation and mitigation actions in developing countries. In accordance with paragraph 40 of Decision 1/CP.16, each developed country Party to the UNFCCC must enhance reporting on the provision of financial, technological and capacity-building support to developing country Parties. Enhanced reporting is essential to recognise Union and Member State efforts to meet their commitments, in particular the commitments towards Policy Coherence for Development enshrined in Article 208 TFEU. Decision 1/CP.16 also established a new Technology Mechanism to enhance international technology transfer. This Regulation should ensure that robust up-to- date information on technology transfer activities to developing countries is made available.