This paper aims to explore the potential benefits that robust and self-sustained transparency systems can bring to governments. Using examples from developed and developing countries, this paper highlights how transparency unlocks benefits that go beyond fulfilling reporting requirements and can support Parties in their transition towards net zero and climate resilient development pathways. Some of the various benefits listed in the document are the effects of transparency on science-based policy development, decision-making, and climate ambition; access to carbon markets and climate finance; political buy-in for climate action; and accession to or membership of political and economic communities.

This technical paper is an update of the 2018 discussion paper “National benefits of climate reporting” and was updated in collaboration with the UNFCCC. Spanish, French and Portuguese translations will be published soon.