Recommendations for Accounting for Mitigation Components of NDCs under the Paris Agreement
The Paris Agreement provides for the development of accounting guidance for NDCs. Over the course of 2018, Parties are negotiating the details of this guidance. Although there is a significant foundation of accounting-related experience to build on, the NDCs and the Paris Agreement provide a new context under which all Parties are to account for their NDCs.
This paper provides recommendations related to accounting for greenhouse gas targets, non– greenhouse gas targets, and policies and actions. For greenhouse gas targets, it uses a balance sheet to illustrate how various aspects of accounting can be performed and how progress toward and achievement of the NDCs can be assessed. The paper outlines key decisions to be made regarding NDC accounting and reporting of accounting-related information and provides approaches to address those issues.