The ‘Universal Participation in the Enhanced Transparency Framework (ETF) Initiative’ was launched by Patricia Espinosa, Executive Secretary of UN Climate Change during the opening ceremony of the Climate Dialogues. The initiative seeks to bring together countries, support organizations, the business community, non-governmental organizations and other stakeholders to realize the benefits of the strengthened transparency requirements under the Paris Agreement’s enhanced transparency framework (ETF).
The ETF specifies how Parties to the Paris Agreement report on progress in reducing emissions, adapting to climate change impacts, and on support provided or received. The ETF is a central component for the credibility and operation of the Paris Agreement. Participation and regular reporting under the ETF will allow governments to better measure and plan for their climate actions and to identify what needs to be done to achieve low carbon and high resilience economic transformation. Over the next few years, Parties will transition from the existing transparency arrangements to the ETF under the Paris Agreement.
For the Paris Agreement to deliver on its objectives, universal participation in the ETF is required. The initiative for the universal participation in the ETF seeks to bring all actors together under a common banner, which in turn can help amplify existing efforts and spark new ideas.
Everyone has an important role to play in ensuring the success of the ETF and the Paris Agreement.
This global initiative will help bring together actions and activities geared towards the implementation of the ETF by all stakeholders. To this end, the initiative will:
Facilitate enhanced access to support to developing country Parties by offering a platform for wider stakeholder engagement, including North-South and South-South cooperation
Mobilize support needed for building up and strengthening domestic capacities for Parties and other stakeholders, including robust and sustainable institutional arrangements for climate-
Increase political awareness and buy-in at the highest national level for an evidence-based national decision-making process with a broad base of stakeholder engagement
Generate global momentum towards enhancing the understanding of the importance and benefits of transparent climate-relevant data and information for the implementation of the Paris Agreement.
Participation by all stakeholders
To harness efforts by all, the ‘Universal Participation in the Enhanced Transparency Framework (ETF) Initiative’ is open to all stakeholders, including Parties, international organizations and Non-Party actors, such as businesses, investors, NGOs etc. To join the initiative and/or to receive further information please send an email to ETF@unfccc.int
The ETF will serve as an informal platform for this international coalition to motivate and incentivize ambition in the implementation of the Paris Agreement and to contribute with their activities.
For more information, please see here.
Source: United Nations Framework on Climate Change, 24.11.2020