This paper aims to highlight the benefits that robust and self-sustained transparency systems can bring to governments, beyond fulfilling current and future reporting requirements under the United Nations Framework Convention on Climate Change (the Convention) and the Paris Agreement. It also aims to reach climate change policymakers and practitioners from developing country Parties and enhance the reader’s understanding of these benefits, which include
- Better information for policy development and decision-making;
- Improved access to carbon markets and climate finance;
- Increased awareness of and political buy-in for climate action;
- Strengthened technical capacities for developing and implementing policies, plans and strategies for low-emission and climate-resilient development, as well as for long-term reporting.
In addition, the paper provides examples from developed and developing country Parties to explain and showcase how increased efforts to allocate human and financial resources for climate transparency can improve political commitment and enhance climate ambition.