ABSTRACT
This chapter deals generally with Multilateral Environmental Agreements that address transboundary environmental issues of a global character. The authority to set overall policy decisions for the financial mechanisms was retained by the Conference of the Parties (COP) by the discretion to terminate the relationship with the Global Environment Facility, should the COP so decide. The institutional structure and mandate of the Climate Change Subsidiary Body for Scientific and Technological Advice is designed to retain the political character and influence of the COP. The Climate Change Convention takes an approach very different from that of the Montreal Protocol. Concentric regimes develop out of two related phenomena: the differentiation of commitments between developed and developing countries, and the incremental growth of a treaty through a process of adoption and ratification of amendments and protocols. Both the Montreal Protocol and the Climate Change Convention were designed to distinguish between Parties on the basis of their stage of economic development.
