In this paper, we set out our response to the following questions:
- analyse the MRV provisions in the LCA text (the “Agreement”) in respect of (i) financial obligations of developed country parties; (ii) mitigation actions by developed parties; (iii) mitigation actions by developing parties. How do they operate?
- Do the respective levels of MRV for developed and developing country parties reflect the principle of ‘common but differentiated responsibilities’?
- Are the MRV provisions in respect of developed country parties for finance and mitigation consistent? If not, please suggest ways to make them consistent using
the more robust and stricter provisions as a baseline.