MRV and accounting Sample Clauses

MRV and accounting. National determination of mitigation commitments requires not only international consultation and review to check their adequacy and fairness in the level of ambition, but also measurement, reporting and verification (MRV) to ensure transparency and accountability in Parties’ implementation of these commitments. The EU emphasised the need for a multilaterally-agreed common robust monitoring, reporting and verification framework and accounting rules to ensure environmental integrity, avoid double-counting and enhance transparency, comparability of efforts and effective implementation. It believed that this system should build on the provisions of and experience with the current MRV system, noting that international assessment and review (IAR) (for developed countries) and international consultation and analysis (ICA) (for developing countries) would go into their first rounds in 2014 and 2015 and would be subject to a review respectively in 2016 and 2017. The EU believed that the common MRV framework and accounting rules should eventually develop into a common, coherent international MRV system for all Parties, and that Parties should set the basic principles of that framework, specific to different types of commitment, in the 2015 agreement (Council of the EU 2013). The US believed that an accounting system should generate understanding of Parties’ commitments, prevent double-counting of international units, and provide assurances that countries are doing what they said they would. This accounting system should be flexible enough to be applied to all Parties. For the post-2020 period, the US supported a single transparency system with built-in flexibility to enable all Parties to participate according to their capabilities (US 2013a). Japan believed that submission of a mitigation commitment including an emission reduction target and all possible measures, basic accounting rules, and basic rules on transparency mechanisms, should constitute a core new legal agreement applicable to all Parties (Japan 2013b). Canada viewed that a robust MRV system is critical to ensure transparency and accountability in the new agreement (Canada 2013). India argued that work under the transparency of action pillar must extend to the Durban Agreements, in particular by further substantiating MRV requirements. In the Indian view, it is important to have common accounting rules for MRV of developed country mitigation targets. The country believed that MRV of the flow of finance...
Sample 1
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Related to MRV and accounting

  • Records and Accounting The General Partner shall keep or cause to be kept at the principal office of the Partnership appropriate books and records with respect to the Partnership’s business, including all books and records necessary to provide to the Limited Partners any information required to be provided pursuant to Section 3.4(a). Any books and records maintained by or on behalf of the Partnership in the regular course of its business, including the record of the Record Holders and Assignees of Units or other Partnership Securities, books of account and records of Partnership proceedings, may be kept on, or be in the form of, computer disks, hard drives, punch cards, magnetic tape, photographs, micrographics or any other information storage device; provided, that the books and records so maintained are convertible into clearly legible written form within a reasonable period of time. The books of the Partnership shall be maintained, for financial reporting purposes, on an accrual basis in accordance with U.S. GAAP.

  • Legal and Accounting Services The Company may obtain legal and accounting services to the extent reasonably necessary for the conduct of the Company's business. SECTION 7 BOOKS OF ACCOUNT, ACCOUNTING REPORTS, TAX RETURNS, FISCAL YEAR, BANKING

  • Books and Accounts (a) The General Partner shall cause the Partnership to keep and maintain at its principal executive office full and complete books and records which shall include each of the following:

  • Books Records and Accounting The General Partner shall keep or cause to be kept at the registered office of the Partnership appropriate books and records with respect to the Partnership’s activities and affairs. Any books and records maintained by or on behalf of the Partnership in the regular course of its activities and undertakings, including the record of the Record Holders, books of account and records of Partnership proceedings, may be kept on information storage devices, provided, that the books and records so maintained are convertible into clearly legible written form within a reasonable period of time. The books of the Partnership shall be maintained, for financial reporting purposes, on an accrual basis in accordance with IFRS-IASB. In accordance with Bermuda Law, the records of account and registers will be kept available for inspection by any Limited Partner or its duly authorized representatives during regular business hours at the registered office of the Partnership. Limited Partners shall not have access to any information of the Partnership contained in its books and records which the General Partner is required by legal or contractual restriction to keep confidential or which, in the opinion of the General Partner, acting reasonably, should be kept confidential in the interests of the Partnership or may be kept confidential as provided in this Agreement, and each Limited Partner hereby waives any right to greater access to the books and records of the Partnership than is permitted herein, to the greatest extent permitted by Law.

  • Records and Accounts The Trustee shall maintain accurate and detailed records and accounts of all transactions of the Trust, which shall be available at all reasonable times for inspection by any legally entitled person or entity to the extent required by applicable law, or any other person determined by the Committee.

  • Separate Accounting Our policies may permit separate accounting to be applied to your SIMPLE IRA for the benefit of your beneficiaries. If permitted, separate accounting must be applied in accordance with Treasury Regulation 1.401(a)(9)-8, Q&A 2 and 3. A beneficiary is considered the only designated beneficiary of his/her share of the SIMPLE IRA assets if separate accounting applies.

  • Annual Accounting The Custodian shall, at least annually, provide the Depositor or Beneficiary (in the case of death) with an accounting of such Depositor's account. Such accounting shall be deemed to be accepted by the Depositor or the Beneficiary, if the Depositor or Beneficiary does not object in writing within 60 days after the mailing of such accounting statement.

  • Fiscal Year; Accounting The Company's fiscal year shall be the calendar year with an ending month of December.

  • Final Accounting Upon the dissolution of the Company, a proper accounting shall be made from the date of the last previous accounting to the date of dissolution.

  • Accounting and Records The books and records of the Company shall be made and maintained, and the financial position and the results of its operations recorded, at the expense of the Company, in accordance with such method of accounting as is determined by the Managing Member. The books and records of the Company shall reflect all Company transactions and shall be made and maintained in a manner that is appropriate and adequate for the Company’s business.

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