Decision 66/5

Following the discussion, the Executive Committee decided:

1. To endorse the consolidated 2012-2014 business plan of the Multilateral Fund, as contained in documents UNEP/OzL.Pro/ExCom/66/7 and UNEP/OzL.Pro/ExCom/66/7/Add.1 as further adjusted by the Secretariat and the Executive Committee, while noting that endorsement denoted neither approval of the projects identified therein nor their funding or tonnage levels, and based on its consideration:
   1. To adjust the business plans of the bilateral and implementing agencies as proposed by the Secretariat in documents UNEP/OzL.Pro/ExCom/66/7 and Add.1;
   2. To also adjust the business plans of the bilateral and implementing agencies by applying the cost-effectiveness threshold of US $6.92/kg to all foam projects, including those in the rigid polyurethane foam sector;
   3. To limit new HCFC phase-out activities that would exceed a 10 per cent reduction of the baseline to no more than a 35 per cent reduction of the baseline in non-low-volume-consuming countries for those activities in the business plan that had not yet been submitted;
   4. To maintain in the business plans of the bilateral and implementing agencies only those ODS destruction projects for which project preparation funds had already been approved by the Executive Committee;
   5. To remove phase-out activities involving swing plants, pending an Executive Committee decision on funding eligibility for swing plants, on the understanding that requests for such activities could be reintroduced into the business plans of the implementing agencies after the Executive Committee had agreed on the HCFC production sector guidelines, as appropriate;
   6. To remove activities for the United Arab Emirates on the understanding that the Executive Committee would defer the request of the United Arab Emirates for assistance from the Multilateral Fund to a future meeting to allow more time for discussion with the country;
   7. To further adjust all new activities in the business plan to the budget allocation for the 2012-2014 triennium;
2. To maintain the project for promoting alternatives to HCFCs in air-conditioning sectors in high-ambient temperature countries in West Asia in the business plan for 2012, with adjusted funding of US $250,000 for the entire project;
3. To request the Fund Secretariat, in cooperation with the implementing agencies, to prepare guidelines for stage II of HCFC phase-out management plan preparation in the light of any comments raised during the meeting, including options for phase-out up to the 2020 control target and for total phase-out in accordance with the Montreal Protocol schedule, and to present a first draft of such guidelines to the 69^th meeting of the Executive Committee;
4. To request the Fund Secretariat to discontinue climate impact data reporting at the business plan stage of project consideration; and
5. To monitor the results of proposed funding distributions in the light of approved commitments to ensure that planned funding would be available to meet commitments for both the HCFC consumption and production sectors.