Un-tangling headphones inside the Transparency backpack
Adopting the Enhanced Transparency Framework is quite a task. ECO sees NDC guidelines, including features and accounting; cooperation and transfers of mitigation outcomes; and the transparency framework as all being intricately connected. Just as your headphones get tangled when thrown haphazardly into your backpack, before you can really use them again, it is important to take the time to untangle the wires.
We understand that it can be dizzying trying to keep up with where the transparency conversation is at, but transparency is necessary to understand financial flows and to track progress on mitigation action.
Focusing on accounting for NDCs, for example, requires clear rules about how this is done.
Rules on how this should be done are necessary to ensure that this accounting framework truly works.
First, we need a clear understanding of what is included in a country’s climate plan and what is not. NDC guidance can provide clarity on many things: mitigation, adaptation, provision of support, and how the NDC contributes to a country’s sustainable development and trajectory to 1.5°C.
Second, including a centralized accounting registry in the guidance would provide an overview of global action all housed in one place, thereby ensuring (and supporting our favourite acronym) Clarity, Transparency and Understanding (CTU) in tracking progress towards achieving NDCs.
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