The project will help to measure the impact of their climate actions while aiming for more transparent and effective climate policies.
The Initiative for Climate Action Transparency (ICAT) was launched on April 14th. It is a project which aims to help developing countries to measure, report and verify the progress of their climate commitments and improve transparency and capacity building in line with the Paris Agreement signed on December 2015.
It will be directed to policymakers and will provide tools and support for the measurement and assessment of the effectivity of each country's climate actions. It will focus on 20 developing countries from Asia, Africa, Latin America and the Caribbean, responding to the lack of mechanisms available in these countries.
ICAT is expected to improve the availability and quality of data, cooperate the promotion of efficient and cost-effective policies to reduce greenhouse gas emissions as well as responding to sustainable development needs and drive a systemic change within the country.
It will also count with a platform for countries to share their experience and build confidence between their actions.
So far $16.5 million have been assigned to ICAT from its four founding donors. The German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety, Children's Investment Fund Foundation, the Italian Ministry for the Environment, Land and Sea and ClimateWorks Foundation.
"With the Paris Agreement in place, we need transparent systems that help the world see how countries are following through on their commitments, and that provide a mechanism for feedback so individual nations can understand the efficacy of their climate policies," said Surabi Menon from ClimateWorks Foundation.
The project will run for at least 4 years and will be focusing in two main areas:
1. Methodological framework for countries to measure and assess their climate actions. It will also develop collaborative work between technical and country experts and will accommodate to different needs.
2. Capacity building to assess and report their progress according to the Paris Agreement. It involves working closely with different sector of the country like the government and higher education institutions.
ICAT aims to share with the international community this progress to make it transparent.
So far the 20 countries haven't been chosen but the organization is in the process of reaching out and invite countries to participate.