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Green Climate Fund B.07/04: Recommended action of the Board, a. Takes note of the information presented in document GCF/B.07/05 Initial Results Management Framework of the Fund; and b. Adopts the draft decision presented in Annex 1 to this document

Assessing species' vulnerability to climate change is a prerequisite for developing effective strategies to conserve them. The last three decades have seen exponential growth in the number of studies evaluating how, how much, why, when, and where species will be impacted by climate change. We provide an overview of the rapidly developing field of climate change vulnerability assessment (CCVA) and describe key concepts, terms, steps and considerations. We stress the importance of identifying the full range of pressures, impacts and their associated mechanisms that species face and using this as a basis for selecting the appropriate assessment approaches for quantifying vulnerability. We outline four CCVA assessment approaches, namely trait?based, correlative, mechanistic and combined approaches and discuss their use. Since any assessment can deliver unreliable or even misleading results when incorrect data and parameters are applied, we discuss finding, selecting, and applying input data and provide examples of open?access resources. Because rare, small?range, and declining?range species are often of particular conservation concern while also posing significant challenges for CCVA, we describe alternative ways to assess them. We also describe how CCVAs can be used to inform IUCN Red List assessments of extinction risk. Finally, we suggest future directions in this field and propose areas where research efforts may be particularly valuable.

This report is targeted at policy-makers, particularly those responsible for developing climate mitigation and adaption strategies that address issues like conservation, ecosystem services, agriculture and sustainable livelihoods. It focuses on the primary linkages between invasive species and climate change, as well as the secondary and tertiary interactions of their corresponding impacts. Finally, the enclosed recommendations are intended to provide guidance on the best ways to integrate invasive species prevention and management into the consideration of climate change responses across a range of sectors. Building on a review of existing scientific and conservation literature (which is frequently centered on well-studied invasive species in developed countries), our research has reaffirmed that there are significant gaps and questions about the intersection of these two major drivers of change. The case studies included below highlight key relationships and questions related to invasive species, climate change and the role of ecosystem-based adaptation. The three key messages that can be distilled from this report are: 1. Climate change will have direct and second order impacts that facilitate the introduction, establishment and/or spread of invasive species. 2.Invasive species can increase the vulnerability of ecosystems to other climate-related stressors and also reduce their potential to sequester greenhouse gasses. 3.Using an ecosystem-based adaptation approach, these pressures on ecosystems and their ability to provide important services can be offset by preventing the introduction of new invasive species and by eradicating or controlling those damaging species already present.

Since the 2002 Assessment of the Technology and Economic Assessment Panel (TEAP), a large number of technical developments have taken place. The direction many of these developments have taken could not have been predicted in 2002. The Panel's Technical Options Committees, on Chemicals (CTOC), on Foams (FTOC), on Halons (HTOC), on Methyl Bromide (MBTOC), on Medical Uses (MTOC) and on Refrigeration and AC (RTOC) have each issued a 2006 Assessment Report that document these developments. The Executive Summaries of these reports form the body of the 2006 TEAP Assessment Report and their Abstract Executive Summaries, with the summaries of other chapters, form the Executive Summary of the 2006 TEAP Assessment Report."