Participate In The New ETF Initiative
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.
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