Peru prepares to report its NDC with a strong focus on adaptation and mapping of private sector investments

On March 19, the Global Environment Facility (GEF) approved the project “Building capacity of the transparency system for mitigation and adaptation to climate change in Peru” (CBIT-Peru). This project supports Peru in complying with the reporting requirements introduced by the Enhanced Transparency Framework of the Paris Agreement. It also enhances Peru’s abilities to report their progress on the Paris Agreement commitments to their own citizens.

Specifically, this project will build Peru’s technical and institutional capacities to generate an internal inter-institutional information system for various climate action strategies and documents: the National Determined Contribution (NDC) for both mitigation and adapation; the long-term strategy formulation, which is based on scientific evidence to become a low carbon country; and a system to report public and private investments within mitigation and adaptation.

Regarding the last mentioned system, it is important to highlight that Peru is one of the pioneer countries in committing to collect and provide information on public and private investments in adaptation and mitigation issues. Peru is also a pioneer in allocating funds from its CBIT project to report its progress on adaptation to climate change, including the health sub-sector.

The UN Environment and UNEP DTU Partnership Centre for Climate Transparency in Latin America and the Caribbean is technically accompanying the South American country in its process of building technical and institutional capacities to strengthen transparency in climate action. This through both training and the development of tools for different government sectors in order to achieve a common climate language that allows systematizing the flow of information on climate action.

With this step Peru joins Chile, Costa Rica and Uruguay as countries that are already in execution of their climate transparency projects.

 

Estrategias de Descarbonización de Largo Plazo (LTS)

Las estrategias a largo plazo sustentan a las Contribuciones Determinadas a Nivel Nacional (CDN) que debe presentar cada país y son cruciales para lograr los objetivos establecidos en el Acuerdo de París. El Acuerdo de París da flexibilidad a los gobiernos para definir sus objetivos nacionales y sus estrategias a largo plazo garantizan que las acciones inmediatas y las políticas a mediano y largo plazo apunten hacia cero emisiones netas (Net-Zero en inglés) para 2050. Esto es vital para limitar el aumento de la temperatura media mundial a 2° C y lo más cerca posible de 1,5 ° C para finales de siglo con respecto a la era pre-industrial.

Contribuciones determinadas a nivel nacional (NDC)

Son el núcleo del Acuerdo de París y de la consecución de esos objetivos a largo plazo. Las contribuciones determinadas a nivel nacional encarnan los esfuerzos de cada país para reducir las emisiones nacionales y adaptarse a los efectos del cambio climático.

Desarrollo de sistemas M&E para la adaptación

In the case of adaptation, the countries have focused their efforts on indicators and platform development, but have not dedicated a high % of resources from their projects to this issue.

Desarrollo de sistemas MRV para la mitigación

Este componente se enfoca en:

  • Mejora del inventario de GEI.
  • Diseño y desarrollo de plataformas de información.
  • Comprensión y coherencia de los sistemas e indicardores de MRV.
  • Contabilidad de las NDC como instrumento esencial para la ambición climática y la transparencia.