20. Takes note of the synthesis on innovative financial mechanisms (UNEP/CBD/COP/11/14/Add.3), which is based on submissions made in response to decision X/3, paragraph 8 (c), and highlights activities related to innovative financial mechanisms that have taken place since the tenth meeting of the Conference of the Parties, and the discussion paper on safeguards for scaling-up biodiversity finance and possible guiding principles (UNEP/CBD/COP/11/INF7); recalls the outcome of the United Nations Conference on Sustainable Development (Rio+20), which encourages the further exploration and use of innovative sources of financing, alongside traditional means of implementation; notes the reports of the informal seminar dialogue on scaling up biodiversity finance held in Quito, Ecuador, from 6 to 9 March 2012, including the proposal on a net avoided emissions mechanism, and the workshop on financing mechanisms for biodiversity: examining opportunities and challenges, held in Montreal, Canada on 12 May 2012; requests the Executive Secretary to further develop the discussion paper on safeguards, based on comments from Parties and other relevant stakeholders, for submission to the fifth meeting of the Ad Hoc Open-ended Working Group on Review of Implementation of the Convention; and requests the Working Group, at its fifth meeting, to prepare a recommendation for consideration by the Conference of the Parties at its twelfth meeting;