GLOBAL STOCKTAKE. 1. The CMA shall periodically take stock of the implementation of this Agreement [in accordance with Article 4, paragraph 2(d), Article 7, paragraph 2(e), and Article 10, paragraph 2(a), of the Convention,] to assess [overall] [aggregate][collective] progress towards achieving the [[ultimate] [objective of the] Convention] [the long-term goal established in this Agreement] [and] the purpose of this Agreement in a comprehensive and facilitative manner, [including identifying means of further advancing such objectives within this Agreement] [and to inform the process referred to in Article 3, paragraph 8, and Article 4, paragraph 6][Article 6].
2. The stocktaking shall consider [overall] [aggregate][collective] implementation in relation to mitigation, adaptation and the means of implementation, taking into account the different specificities of each issue [and] [Parties’ differentiated responsibilities and commitments][different national circumstances] [and equity].
3. The stocktaking shall consider information from, inter alia, [the mechanisms of the Convention and this Agreement], [information on the implementation of individual and collective efforts under the Agreement], including [on assessments of the aggregate level of ambition communicated through the proposed nationally determined contributions for the subsequent commitment period in relation to the level of ambition needed as recommended by the best available science]; the best available science, [including reports of the IPCC]; and information from other relevant international processes [other information decided by the CMA].
4. The CMA shall undertake its first global stocktake in [2023][2024] [after the review of accelerating pre-2020 implementation and the review of the adequacy of post-2020 finance support by developed country Parties,] and [every five years thereafter] [at regular intervals to be decided by the CMA.]
5. [The extent to which developing country Parties can participate in the global stocktake will depend on the provision of financial resources.]
GLOBAL STOCKTAKE. 1. The CMA shall take stock of the implementation of this Agreement to assess aggregate progress towards achieving the objective of the Convention in a comprehensive and facilitative manner. The stocktaking shall consider the aggregate effect of the efforts by Parties, as well as assessments of the best available science, with a view to enhancing the implementation of the Agreement.
2. The CMA shall undertake its first stocktaking in [2023][2024] on the basis of the modalities to be adopted by the CMA at its first session, and shall conduct stocktakings thereafter at regular intervals to be decided by the CMA.
GLOBAL STOCKTAKE. Decides that the stocktaking referred to in Article 10 of the Agreement shall be designed to:
GLOBAL STOCKTAKE. [Option 1: Decides that a comprehensive assessment resulting from the global stocktake referred to in Article 10 of the Agreement shall take into account, inter alia:
GLOBAL STOCKTAKE. 1. The CMA shall periodically take stock of the implementation of this Agreement to assess the collective progress towards achieving the purpose of this Agreement and its long-term goals. It shall do so in a comprehensive and facilitative manner, considering mitigation, adaptation and the means of implementation and support, and in light of the best available science [and equity].
2. The CMA shall undertake its first global stocktake in [2023][2024] and every five years thereafter unless otherwise decided by the CMA.
3. The outcome of the stocktake shall guide and inform Parties in updating and enhancing their actions and support, in a nationally determined manner, in accordance with the relevant provisions of this Agreement, as well as in enhancing international cooperation for climate action.
GLOBAL STOCKTAKE. 17
1. [[In accordance with the relevant provisions of the Convention,] The CMA shall periodically [take stock of the implementation of the Agreement in order to] [assess] [overall] [collective] [global] progress towards achieving [the objective of the Covention and] the [xxxxxxx00] [objective] of this Agreement [and its long-term goals]. It shall do so in a comprehensive and facilitative manner, [looking at] [considering] mitigation, adaptation and [the means of implementation ][and][ support.]]
2. [The CMA shall undertake its first global stocktake in [2023][2024] and [every five years thereafter [unless otherwise decided by the CMA]][at regular intervals established by the CMA].]
3. [The [outcome] of the stocktake [shall] [will] [guide and] inform Parties in [undertaking their efforts] [ in order for them to enhance] [enhancing] their successive actions and support, [as appropriate,] [and [prepare][and][finalize] [any future] [successive] INDC19]] [in accordance with relevant provisions of this Agreement] [and also considering the aggregate level of ambition communicated by Parties,] with an aim to achieve the purpose [and long-term goals] [and to increase ambition] of this Agreement in light of [the best available science][and][equity] [and in accordance with the principle of CBDR and RC, in light of different national circumstances].]
4. [The extent to which developing country Parties can participate in the global stocktake will depend on the provision of financial resources.]
GLOBAL STOCKTAKE. As noted above, the idea of a global stocktake has less to do with compliance and more with effectiveness. At COP-21 States (and, frankly, everyone) were very concerned by the fact that INDCs so far announced, although they cover most the greenhouse gas emissions and emitters, still fall short of the 2 °C. Paragraph 17 of the Decision ‘noted with concern’ that: ‘[T]he estimated aggregate greenhouse gas emission levels in 2025 and 2030 resulting from the intended nationally determined contributions do not fall within least-cost 2 ˚C scenarios but rather lead to a projected level of 55 gigatonnes in 2030, and also notes that much greater emission reduction efforts will be required than those associated with the intended nationally determined contributions in order to hold the increase in the global average temperature to below 2 ˚C above pre-industrial levels by reducing emissions to 40 gigatonnes or to 1.5 ˚C above pre-industrial levels by reducing to a level to be identified in the special report referred to in paragraph 21 below’ For the climate change regime to be effective overall, a focus on the ‘trees’ (through the transparency mechanism) should not displace the more important overall view of the ‘forest’ (the overall stock of greenhouse gases in the troposphere as well as the ability of States to cope with the impact of climate change). The global stocktake envisioned in Article 14 addresses this question. This global stocktake is to take place periodically (every 5 years, starting in 2023) under modalities still to be defined by the APA.20 The APA has also been entrusted with the task of identifying the relevant sources of information to generate this global stocktake. Paragraph 100 of the Decision mentions some of them, including communications from the Parties and the work of the Intergovernmental Panel on Climate Change (‘IPCC’), but the list is non-exhaustive. This raises a quality control question, which has already been faced by the IPCC in the context of bitter accusations of bias or unreliability.
GLOBAL STOCKTAKE. In 2023 at the Conference of Parties (COP) serving as the Meet- ing of Parties to this Agreement (CMA), and thereafter every five years, will take stock of progress made under the Agreement.
GLOBAL STOCKTAKE. Decides that the stocktaking referred to in Article 10 of the Agreement shall be designed to: Take into account the information on the implementation of the individual and collective efforts under the Agreement; Be informed by the reports of the IPCC; Take into consideration the lessons learned from the 2013–2015 review; Requests the SBSTA to provide advice on how the assessments of the Intergovernmental Panel on Climate Change can inform the stocktaking of the implementation of the Agreement pursuant to its Article 10, paragraph 1, and to report to the IPC on this matter at its [second] session; Also requests the IPC to develop modalities for the stocktaking, referred to in Article 10, paragraph 2, of the Agreement, and make recommendations to the CMA for consideration and adoption at its first session. The IPC should be guided by paragraph 60 above and Article 10, paragraph 1, of the Agreement, take into account the advice of the SBSTA referred to in paragraph 61 above, and consider the following when developing the modalities: The arrangements for the stocktaking including the institutional arrangements and the relationship with other Agreement and Convention processes and procedures; The operational processes and procedures, including relevant time frames; The form and nature of the outcomes of the stocktaking; Requests the IPC to develop the modalities and procedures for the [process][mechanism] referred to in Article 11 of the Agreement with a view to completing its work on this matter for consideration and adoption by the CMA at its first session; Requests the IPC to develop the draft rules of procedure of the CMA, including procedures for decision-making and voting by Parties to the Agreement, in accordance with Article 12, paragraph 4, of the Agreement, with a view to the IPC making recommendations on this matter to the CMA at the first session of the CMA;
GLOBAL STOCKTAKE. Long term goals 2015 Paris Agreement Inter-sessional processes Outputs of the Standing Committee on Finance
