The United States, United Kingdom, and Canada have pledged more than $30 million to assist developing countries in meeting the reporting requirements included in the Paris climate change agreement, the United Nations Framework Convention on Climate Change announced Wednesday. Under the Paris Agreement, countries are required to provide regular updates on their progress toward lowering their emissions through measurement, reporting, and verification activities. The Capacity Building Initiative for Transparency (CBIT) was established to help developing countries meet these transparency requirements.
The U.S. has pledged $15 million over the next three years, subject to appropriations, to the initiative. The United Kingdom has pledged $14 million and Canada another $5 million. New Zealand also plans to contribute. “The CBIT is also designed to help countries develop better quality systems for tracking greenhouse gas emissions and to begin to build over time the necessary institutional and technical capacity to prepare transparent, accurate and timely reports,” a U.N. press release says.
