Forms and Templates
Important Definitions
Annual Report: Report submitted annually to the Secretariat of the Paris Agreement quantitative information on ITMOs transferred, acquired, held, cancelled and used, including the purpose of the use, accompanied by information uniquely identifying the ITMOs including the origin and the Vintage Year and references to the respective Monitoring and Verification Reports.
Biennial Transparency Report (BTR): refers to the reports defined under Article 13 of the Paris Agreement. In pursuant to the Article 13.7.b and modalities, procedures and guidelines adopted under Article 13.13 of the Paris Agreement, the following information:
- In the BTR covering the inventory information on the NDC end year, corresponding adjustment and assessment of whether it has achieved the target(s) of its NDC;
- In each BTR submitted in relation to the relevant NDC Implementation Period, Party shall provide the following information:
- a. Annual information on ITMOs first transferred and used;
- b. Annual emission balances, as applicable;
- c. Qualitative information on the transferred ITMOs including information on implementation of corresponding adjustment as well as information on the criteria and provisions for ensuring environmental integrity and promoting sustainable development applied.
Corresponding Adjustment: is an element in the reporting under the Paris Agreement ensuring avoidance of double counting of ITMOs, implementing Articles 4.13, 6.2, and 13.7.b of the Paris Agreement.
Internationally Transferred Mitigation Outcome (ITMO): ITMOs use a carbon dioxide equivalent [CO2e] metric for a new set of market provisions or other greenhouse gas (GHG) mitigation outcomes that are defined under Article 6 of the Paris Agreement. Under Article 6.2, ITMOs differ from previous offset schemes, as they count toward countries’ Nationally Determined Contributions (NDCs), support overall mitigation in global emissions (for Article 6.4).
- a. “Mitigation Outcome” is defined as one ton of emission reductions or removals measured in metric tonnes of carbon dioxide equivalent (CO2eq) applying methodologies and metrics pursuant to Article 4.13 of the Paris Agreement;
- b. An “Internationally Transferred Mitigation Outcomes”, is a Mitigation Outcome which has (ITMOs) been transferred and recognized.
- c. ITMOs shall be real, verifiable, additional to any that would otherwise occur and permanent or achieved under a system that ensures permanence, including by appropriate compensation of any material reversals.
ITMO Project: ITMO project or programme which mitigates greenhouse gases emission or removals.
ITMO Registry: An electronic web-based ITMO project or programme registry with the following properties for the recognition of ITMOs transfer:
- a. The ITMO Registry shall be publicly available;
- b. The ITMO Registry shall be updated pursuant to the publication of Authorizations and the recognition of ITMO transfers;
- c. The ITMO Registry shall include unique identifiers for all ITMOs, information regarding the origin and the Vintage Year, a reference to the Authorizations and documentation required for the recognition of the transfer of ITMOs.
- d. ITMO Registry may jointly use for the Issuance, transfer and tracking of ITMOs.
Letter of Authorization (LOA): LOA is the formal statement that each Party publicly issues pursuant to Article 5 of this Agreement and thereby commits to recognize, pending fulfillment of all requirements for transfer pursuant to Article 7, the international transfer of Mitigation Outcomes and their use towards NDC achievement or for mitigation purposes other than achievement of NDC.
Nationally Determined Contribution: NDC is the contribution of a Party to the Paris Agreement under its Article 3.
Vintage Year: is the year in which a Mitigation Outcome has taken place.
Eligible Sectors and Sub-sectors
The eligible sectors and sub-sector for ITMO generation under the Article 6 in Vanuatu, includes all GHG mitigation projects under IPCC sectors and sub-sectors (since Vanuatu’s NDCs are conditional, hence all GHG mitigation projects are eligible for ITMOs generation):
• Energy Sector
- o Energy Industry (Electricity Generation)
- o Transport
- o Other Sectors - Commercial, Institutional and Residential
- o Manufacturing
• IPPU
• AFOLU
- o Agriculture
- - Livestock
- o Land Use and Land Use Change
- o Forestry
• Waste
- o Solid Waste (Municipal Solid Waste)
- o Waste Water
The Article 6 Secretariate may use the latest version of positive list of technologies approved by the EB of CDM; however the list may be updated (on approval by NAB) with Vanuatu’s specific list of technologies, activities under the above listed sub-sector/sector to facilitate project proponents, stakeholders, partners etc. (if required).
Eligible Baseline and Monitoring Methodologies
The currently eligible baseline and monitoring methodologies for the ITMO project is Vanuatu, include:
- • All approved methodologies under the CDM projects (latest version)
- • All approved methodologies under the Gold Standard (latest version)
- • All approved methodologies under the VCS Program (latest version)
- • ISO (14064) standards - Specification with guidance at the project level for quantification, monitoring and reporting of greenhouse gas emission reductions or removal enhancements.
- • All approved methodologies under the Article 6 (as when approved)
Validation and Verification Body
The list of eligible VVBs is available here: