CO2 Emission reduction calculation, standardized baseline emission factors setting, and MRV in the building sector under the Paris Agreement
The Paris Agreement entered into force on 4th November 2016 and it is the most ambitious effort to reduce Greenhouse gases (GHG) emissions after it was adopted by the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) in 2015. The Parties have through the Nationally Determined Contributions (NDCs) committed themselves to a significant reduction in the GHG emissions. This can be done through an effort in its own country or by using the market mechanism in Article 6 of the Agreement.