The regulatory framework covers a wide range of issues relating to how countries should report their greenhouse gas emissions or contribution to climate finance, as well as the rules that should apply to voluntary market mechanisms such as the Emissions Trading Scheme. The graph above also shows some of the rulebook sections that have proven to be the most difficult to solve. These include, for example, provisions on voluntary market mechanisms referred to in Article 6, climate finance reporting standards referred to in Article 9 and transparency rules referred to in Article 13, which cover the reporting of greenhouse gas emissions and progress in addressing them. Finally, a very late late evening plenary session signed the regulatory framework on Saturday 15 December with zero brackets and options remaining. Since it was not possible to reach an agreement, the case was instead referred to next year`s COP25 in Chile. Decision COP24 on Article 6 reads as follows: “Draft texts on these topics in the President`s proposal have been considered, but. The parties were unable to reach agreement on this point. » Common timetable • The Paris Agreement obliged the parties to discuss setting a common timetable for the submission of national contributions at COP24. • The Contracting Parties have partially set these deadlines, indicating that they can apply to contributions for the period from 2031 on or after 2031. However, it remains to be decided whether they will last 5 or 10 years – the parties reserved the right to settle this issue at the next COP25. Register of National Contributions • In accordance with the Paris Agreement, the Parties should define how national contributions established by the Parties in accordance with the Agreement are maintained in the form of a register in Katowice. • During COP24, the parties managed to agree on the form of such a register, based on a temporary register currently being set up and which, together with the adaptation communication, will constitute the portal of the register.
This register will contain all the contributions previously submitted at the national level, without however offering the possibility of excavating them, which was a compromise between the positions of the parties in the negotiations. • Based on agreed guidelines, the Secretariat will develop a prototype for such a register and submit it to the parties for approval at COP25. • This solution makes it possible to agree on all the political issues raised, leaving the Secretariat one year to develop technical solutions. Compliance Committee • The decision adopted governs the functioning of the Committee in such a way as to enable it to function. However, the launch of the committee is postponed due to the elections scheduled for CMA2 (end of 2019). • differentiation within the compliance system has been avoided. The decision only provides for flexibility as regards procedural deadlines for parties who need it with regard to their national capacities. Developing countries appear as a category only as an entity subject to the flexibility provided for in Article 13 and as a body that is entitled to a possible mobilization of funds to co-finance its participation in the work of the Committee.
• Agreement on the Committee`s mandate to initiate proceedings of its decision alone in certain cases and, with the agreement of the parties, even in cases of serious and persistent non-compliance with the transparency guidelines, can be considered a great success. . . .