LDC Concerns Related to MRV in the Climate Regime
"Measurement, Reporting and Verification (MRV) of greenhouse gas (GHG) emissions, mitigation action and of support (related to finance, technology transfer and capacity building) emerged as a key pillar of the future climate regime in the Bali Action Plan. The Plan was agreed at the thirteenth to the UN Framework Convention on Climate Change(UNFCCC) in 2007, in Bali, Indonesia. Negotiations under the UNFCCC are now moving towards a 2015 climate agreement that will be “applicable to all Parties”. A key part of the 2015 agreement will be the arrangements to report and review how Parties have implemented their commitments. Furthermore, new mechanisms to achieve emission reductions cost-effectively, the Framework of Various Approaches (FVA) and New Market Mechanisms (NMM) are under discussion. MRV will be a key element for these mechanisms. This brief aims to inform LDC negotiators of the key issues relating to MRV from an LDC perspective."