Costa Rica

“Costa Rica intends to achieve the head­line mit­ig­a­tion goals of this NDC, as well as the goal of being a net zero emis­sions coun­try by 2050 through domest­ic efforts to reduce gross green­house gas emis­sions and max­im­ize the poten­tial for car­bon sequest­ra­tion. nat­ur­al sinks. The coun­try will con­tin­ue to par­ti­cip­ate in dif­fer­ent forms of vol­un­tary inter­na­tion­al cooper­a­tion, includ­ing under Art­icle 6 of the Par­is Agree­ment, as a com­ple­ment to its domest­ic efforts for adap­ted and resi­li­ent decar­bon­iz­a­tion. Costa Rica will apply the ​“San José Prin­ciples for High. Ambi­tion and Integ­rity in Inter­na­tion­al Car­bon Mar­kets” in all trans­ac­tions and schemes asso­ci­ated with the GHG emis­sions mar­kets in which it par­ti­cip­ates and in 2021 it will begin form­al con­ver­sa­tions with its part­ners in this regard.”

[machine trans­la­tion] The update to the Forest Ref­er­ence Level (FREL/FRL), aligned with the INGEI and the SIN­AMECC MRV, strengthens the baseline and meth­od­o­lo­gic­al con­sist­ency of the FOLU sec­tor, allow­ing for the trace­able and veri­fi­able quan­ti­fic­a­tion of reduc­tions and removals. This enables cooper­a­tion under Art­icle 6.2 of the Par­is Agree­ment through the gen­er­a­tion and trans­fer of Inter­na­tion­ally Trans­ferred Mit­ig­a­tion Res­ults (ITMOs) with their cor­res­pond­ing adjust­ment to the nation­al invent­ory level, thus avoid­ing double count­ing. This tech­nic­al rein­force­ment also high­lights asso­ci­ated envir­on­ment­al bene­fits — includ­ing the con­ser­va­tion of soil organ­ic car­bon — and can lever­age com­ple­ment­ary cli­mate fin­ance to ini­ti­at­ives such as the PES (Pay­ment for Envir­on­ment­al Ser­vices Program).

Oppor­tun­it­ies under Art­icle 6.4 will also be explored to sup­port the fin­an­cing of the imple­ment­a­tion of declared con­tri­bu­tions. The coun­try will explore non-mar­ket approaches in accord­ance with Art­icle 6.8 —

such as tech­nic­al cooper­a­tion, capa­city build­ing, insti­tu­tion­al arrange­ments and inform­a­tion exchange plat­forms — in order to strengthen the imple­ment­a­tion of the NDC and con­trib­ute to the pro­gress­ive strength­en­ing of its goals.