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Accounting framework for the Post-2020 period

image of Accounting framework for the Post-2020 period

Accounting rules and procedures will dictate how progress is tracked for various possible types of mitigation contributions that might be included in the 2015 agreement and how their achievement will be determined. Without such rules, it will be difficult, if not impossible, to accurately track progress toward individual contributions as well as towards limiting warming to 2° C or below.The report explores the components of a robust and rigorous accounting framework, lessons learned from existing accounting frame-works, and how such a framework can be developed for the 2015 agreement. The objective is to support the establishment of a sufficiently robust and rigorous common accounting framework for the 2015 agreement, including accounting rules for international transfers of units from marketbased mechanisms and the land sector.

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Accounting under the 2015 Agreement

The key to a successful outcome of the ongoing negotiation process for a 2015 agreement is to ensure that robust and implementable accounting principles and building blocks are developed, as outlined in earlier sections, and agreed upon in tandem with the spectrum of mitigation contributions included in the agreement. These principles and building blocks should form an integral part of the agreement, including financial and capacity building support to less capable countries, much as the essential rules on flexibility were outlined in the Kyoto Protocol and then further detailed during negotiations under the Marrakesh Accords on issues such as the accounting modalities for the mechanisms and LULUCF.

English

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