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Annex VII : Draft decision XXIII/[ ]: Funding for hydrochlorofluorocarbon production facilities

Submission by India

The Twenty-Third Meeting of the parties decides:

Recalling decision XIX/6, which states that funding through the Multilateral Fund for the Implementation of the Montreal Protocol shall be stable and sufficient to meet all agreed incremental costs to enable parties operating under paragraph 1 of Article 5 of the Montreal Protocol to comply with the accelerated phase-out schedule for hydrochlorofluorocarbons for both the production and consumption sectors,

Recognizing that there is limited time before the first hydrochlorofluorocarbon control measures for parties operating under paragraph 1 of Article 5 come into force with the freeze at the baseline level in 2013 and 10 per cent reduction from the baseline in 2015,

Noting that parties operating under paragraph 1 of Article 5 with hydrochlorofluorocarbon production facilities may be at risk of being in non-compliance with those obligations if adequate assistance is not provided through the Multilateral Fund,

To confirm the intent of decision XIX/6, which is to provide stable and sufficient funding through the Multilateral Fund to meet all agreed incremental costs to enable parties operating under paragraph 1 of Article 5 to comply with the accelerated hydrochlorofluorocarbonphase-out schedule, including the production sector without any prejudice to swing plants;

To urge the Executive Committee of the Multilateral Fund to finalize as a priority matter the guidelines for the funding of hydrochlorofluorocarbon production facilities.