Rwanda

Rwanda intends to meet its con­di­tion­al con­tri­bu­tion through the use of cli­mate fin­ance and inter­na­tion­al mar­ket mech­an­isms where appro­pri­ate, build­ing upon the exper­i­ence of the Clean Devel­op­ment Mech­an­ism (CDM) and oth­er exist­ing mar­ket mech­an­isms. These include the poten­tial involve­ment in inter­na­tion­al cooper­at­ive approaches under Art­icle 6 of the Par­is Agreement.

As described above, Rwanda’s NDC 3.0 tar­gets for both mit­ig­a­tion and adapt­a­tion com­prise of uncon­di­tion­al and con­di­tion­al com­pon­ents. The fol­low­ing sources of fund­ing can be con­sidered rel­ev­ant to the con­di­tion­al com­pon­ent: Grants and phil­an­thropy (e.g. non-recourse pro­ject fin­ance, which could espe­cially be anti­cip­ated in the LULUCF sec­tor). Mar­ket-based mech­an­isms (e.g. through the cred­it­ing of spe­cif­ic pro­ject activ­it­ies with emis­sion reduc­tions units (ERs) under Art­icle 6.2 or Art­icle 6.4 of the Par­is Agree­ment, and includ­ing trans­fers of ERs under the Car­bon Off­set­ting and Reduc­tion Scheme for Inter­na­tion­al Avi­ation (COR­SIA), with their treat­ment as inter­na­tion­al trans­fers of mit­ig­a­tion out­comes; ITMOs). Oth­er types of inter­na­tion­al fund­ing mech­an­isms (e.g. res­ults­based fin­ance, without ITMOs, which may encom­pass ​‘mit­ig­a­tion con­tri­bu­tion’ A6ERs under Art­icle 6.4 of the Par­is Agree­ment; non­mar­ket mech­an­isms under Art­icle 6.8 of the Par­is Agree­ment; unau­thor­ised vol­un­tary car­bon mar­ket (VCM) trans­fers of cred­its ori­gin­at­ing from domest­ic pro­ject activities