AMMAN — The
World Bank (WB) said that
Jordan is facing significant climatic issues, including rising temperatures,
decreased precipitation, frequent drought, and water loss due to evaporation.
Despite these struggles, it cited Jordan as the first developing country to
build MRV and GHG registry systems to international standards, which are the
key building blocks for future emissions trading.
اضافة اعلان
The bank stated that the Kingdom is still
significantly reliant on fossil-fuel imports, has few natural resources, and
has an exceedingly limited water supply for a population of 10.3 million
people, including over a million refugees, according to the Jordan News Agency,
Petra.
In a report titled “Countries on the Cusp of Carbon
Markets” the bank stated that extreme heat and water shortages are increasing
energy demand, putting a strain on the budget, and harming economic
competitiveness.
However, Jordan as the first developing country to
build MRV and GHG registry systems developed and tested this digital
infrastructure in collaboration with the World Bank’s Climate Warehouse program
and Partnership for Market Implementation (PMI).
To prepare for its
MRV system, Jordan passed a
climate change bylaw in 2019 that establishes the institutional and regulatory
framework on climate change for the entire government.
Jordan established its MRV system with the
assistance of PMR, the predecessor to PMI, to track emissions in sectors such
as energy, transport, and agriculture, compute emissions and emission
reductions, and link the results to the NDC. Its registration system was
designed to facilitate transactions involving qualifying projects on
international carbon markets. During this process, the decision was made to
make the program open source and make it available to any interested nation.
According to the bank, the Kingdom is formulating a
long-term, low-emissions strategy to achieve long-term, low-carbon economic
growth. Jordan adopted a 10-year National Energy Sector Strategy in 2020 to
enhance its energy mix and cut carbon emissions by 10 percent by 2030, thereby
decreasing its dependence on imports.
The MRV system is expanded to 22 agencies and
ministries as part of the Jordan Inclusive, Transparent, and Climate Responsive
Investments Program for Results.
The initiative
will enable the Kingdom’s MRV system to compute emission reductions for
climate-responsive projects to determine their eligibility for the carbon
market.
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