There are several opportunities to integrate flexibility mechanisms into the broader transparency framework. The extent, degree of detail or frequency of reporting can all be adapted and modulated according to a country`s capacity. The requirement to carry out technical checks in the country could be lifted for some less developed or small island developing states. Capacity assessment opportunities include financial and human resources in a country needed for NDC verification. [58] INDIA has addressed the challenges of eradicating poverty while reducing greenhouse gas emissions. About 24% of the world`s population without access to electricity (304 million) lived in India. Nevertheless, the country planned to “reduce the intensity of its GDP emissions by 33-35% by 2030” from 2005 levels. The country has also attempted to buy about 40% of its electricity from renewable energy sources, not fossil fuels by 2030. INDC found that implementation plans would not be affordable from national resources: it estimated that it would take at least $2.5 trillion to implement climate change measures by 2030. India would achieve this through the transfer of technology (transfer of capacity and equipment from the most developed countries to less developed countries [LDCs]) and international funding, including support from the Green Climate Fund (an end-to-end investment support program in low-emission technologies and the development of populations vulnerable to the effects of climate change).
Unlike the Kyoto Protocol, which set legally binding emission reduction targets (as well as penalties for non-compliance) only for industrialized countries, the Paris Agreement requires all countries – rich, poor, developed and developing – to take their share and reduce their greenhouse gas emissions. To this end, the Paris Agreement provides for greater flexibility: commitments that countries should make are not included, countries can voluntarily set their emissions targets and countries will not be penalized if they do not meet their proposed targets. But what the Paris agreement requires is to monitor, report and reassess, over time, the objectives of individual and collective countries, in order to bring the world closer to the broader objectives of the agreement.