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.