Technical Workshop 20: Post-2020 Accounting: Implications for Carbon Pricing and Registries (Hanoi)

PA15 will take place in Hanoi, Vietnam. Photo Source: Tran Quoc Pagoda
In the Paris Agreement, countries have agreed they will account for their NDCs and any international transfers of mitigation outcomes to avoid double counting. The accounting system that will emerge will likely have implications for how carbon pricing instruments are designed and implemented, and vice versa. In Lima, discussions concluded there was a desire to understand this relationship in more detail. This workshop provides an opportunity to further explore the concepts of accounting in the context of the Paris Agreement; and to discuss the implications for carbon pricing and tracking registries.
Oct 17, 2016
Hanoi, Vietnam
October 17, 2016
Venkata Ramana Putti, World Bank
Nguyen Van Tue, Ministry of Natural Resources and Environment, Vietnam
Pierre Guigon, PMR Secretariat
1. Understanding Accounting in the New Regime
This session provided an opportunity to summarize the basic concepts of accounting and to reach a common understanding of accounting aspects agreed upon as part of the Paris Agreement and the related upcoming work program. Participants also had an opportunity to discuss the important accounting issues that remain to be resolved. There was an overiew presetation by the PMR Secretariat followed by a panel discussion.
Moderator: Juan Pedro Searle, Chile
Pauline Kennedy, PMR Secretariat
PMR: Understanding Accounting in the New Regime
Nicolas Muller, UNFCCC
UNFCCC: Understanding Accounting in the new regime
Martin Hession, European Comission
Sebastian Carranza, Colombia
Colombia: Implications for Carbon Pricing and Registries
10:45 Break
2. Relationship between Carbon Pricing and Accounting
This session provided an opportunity for participants to discuss the relationship between carbon pricing and accounting to better understand why accounting is important for the PMR and how the developments internationally may influence the activities of the PMR. Participants went into small groups to brainstorm on what is the unique role of the PMR in advancing broader discussions on accounting as well as the relationship between accounting and carbon markets around the following four key themes: Cap and Baseline setting, Scope and Coverage, MRV, and the Legal Nature of Assets Traded and ITMOs.
Moderator: Pauline Kennedy, PMR Secretariat
Pedro Martins Barata, Get2C
Get2C: Carbon Pricing and Accounting in Post-Paris
Break out session
12:45 Lunch
3. Building Registries to Support Robust Accounting
In this session, participants focused discussions on implementation challenges and options facing countries implementing registries in the context of the new accounting framework. The new PMR report Emissions Trading Registries: Guidance on Regulation, Development, and Administration, jointly developed with the Forest Carbon Partnership Facility was be presented.
14:15 Chair: Pierre Guigon, PMR Secretariat
Charlotte Streck, Climate Focus
Expert presentation: Building registries to support robust accounting
Munetaka Kimura, NTT Data Corporation
Comparison between Kyoto and Paris
Felipe De Leon, Costa Rica
Peter Zaman, Reed Smith
Post 2020 Accounting
15:45 Break
4. PMR’s Forward Work Program on Accounting
Drawing on the day’s discussions, this session provides an opportunity to discuss the directions and next steps for the PMR’s future work program on accounting. Each group reported back on the key outcomes of the earlier discussion and there was also a general discussion. Finally, the PMR Coordinator shared final remarks.
Moderator: Adrien de Bassompierre, PMR Secretariat
Adrien de Bassompierre, PMR Secretariat
17:30 Wrap up
End of workshop