Description of Project
In 2018, the governments of Canada and Chile initiated a bilateral discussion to explore considerations on Internationally Transferred Mitigation Outcomes (ITMOs) under Article 6 of the Paris Agreement.
Econoler was mandated to carry out an assignment aimed at structuring a dialogue between Chile and Canada to explore issues related to NDC-level accounting in the implementation of a cooperative approach under Article 6.2 of the Paris Agreement. The key issue relates to the corresponding and required adjustments especially in a context in which Canada and Chile have expressed their NDC targets differently.
Description of services
To structure the dialogue on NDC-level accounting, Econoler is developing an Expert Brief and facilitating four meetings between representatives of the Chilean and Canadian governments.
The Expert Brief presents an analysis of NDC-level accounting issues relevant for structuring an ITMO transfer between Canada and Chile. The Brief is intended to frame the facilitated dialogue to be undertaken between the two countries with the ultimate goal of arriving at a common understanding of the issues at stake and eventually at agreed upon provisions that would guide NDC-level accounting in the context of an eventual future transfer of ITMOs.