Bonn – The Global Covenant of Mayors for Climate & Energy has launched a new standard for reporting cities’ greenhouse gas emissions. It could open up more financing opportunities at the local and regional levels.
According to the Global Covenant of Mayors for Climate &
Energy, the new reporting framework is a harmonized protocol
for local-scale greenhouse gas reporting that will allow cities and
local governments to track their contributions to climate action in
a transparent, quantifiable and meaningful way. It is designed to
be consistent with national government reporting requirements and
the UNFCCC but can be adjusted to local circumstances.
“Making key data available to the public is an important step
forward for assessing the collective progress towards the goals of
the Paris Agreement,” writes the Global Covenant of
Mayors.
A period of consultation with cities and local stakeholders
will begin in early 2018 to refine the standard and ensure it
effectively supports local efforts to take action on climate
change. As Cities Today reports, it will include key areas
that cities tend to be responsible for, such as mobility,
buildings, electricity generation and waste. The first group of
cities are expected to begin reporting in January 2019.
The new standard was announced last week during the Climate
Summit of Local and Regional Leaders at COP23 in Bonn. Speaking at
the press conference, Mauricio Rodas, the mayor of Quito and a
board member of the Global Covenant of Mayors, said: “Having a
standardized methodology will be extremely helpful in terms of
transparency, effectiveness and being a tool for local governments
to have better access to finance for climate change action.”