Following informal consultations, the Executive Committee decided:
- To note the report on the fully developed Multilateral Fund Climate Impact Indicator (MCII) (decision 69/23) contained in documents UNEP/OzL.Pro/ExCom/73/54 and UNEP/OzL.Pro/ExCom/73/54/Add.1;
- To request the Secretariat:
To take into consideration, in finalizing the MCII, the recommendations provided by the technical experts who had undertaken independent reviews of the MCII in line with decision 69/23(c);
- To take into account, as appropriate, the fifth assessment report of the Intergovernmental Panel on Climate Change (IPCC) in the refinement of the MCII tool;
- To share the MCII tool with the IPCC and to invite feedback on the tool from the World Bank in the context of its work with other Multilateral Development Banks to harmonize greenhouse gas accounting across their investment portfolios, and its work on energy subsidy reform;
- To report to the Executive Committee, no later than the 75th meeting, on the outcome of the above undertakings; and
- To note that the Secretariat would calculate the impact on the climate of investment projects in the refrigeration and air-conditioning manufacturing sectors, applying the revised MCII model resulting from the work referred to in sub-paragraph (b) above, and that, for investment projects in all other manufacturing sectors, it would apply the methodologies described in paragraph 14 of document UNEP/OzL.Pro/ExCom/73/54.