Why MMR is important for Serbia ?
The establishment of appropriate institutional and legal framework in Serbia for the implementation of the new Monitoring Mechanism Regulation (MMR) will result in:
- ensuring the timeliness, transparency, accuracy, consistency, comparability and completeness of reporting by Serbia to the UNFCCC Secretariat;
- reporting and verifying information relating to commitments of Serbia pursuant to the UNFCCC, and evaluating progress towards meeting those commitments;
- monitoring and reporting all anthropogenic emissions by sources and removals by sinks of greenhouse gases in Serbia;
- monitoring, reporting, reviewing and verifying greenhouse gas emissions and other information pursuant to requirements arising from Decision No. 406/2009/EC (ESD-Effort Sharing Decision);
- reporting the use of revenue generated by auctioning allowances under EU-ETS;
- monitoring and reporting on the actions taken by Serbia to adapt to the inevitable consequences of climate change in a cost-effective manner;
- evaluation of progress of Serbia towards meeting its future obligations for GHG emissions not covered by the EU-ETS;
- definition of roles, competences and responsibilities of Government Institutions in the process of collecting and publishing of information and data relevant for climate change;
- availability of climate change related information and data to all stakeholders at any time;
- establishment of indicators for monitoring of implementation of policies relevant to the fight against the climate change.