The tiny European state of Liechtenstein became the 35th nation to submit its INDC on Thursday, aligning with its similarly wealthy neighbour Switzerland in aiming to oursource part of its emissions reductions abroad.
“The assumptions underlying Liechtenstein’s INDC are based on the possibility to achieve emission reductions abroad which may be accounted towards Liechtenstein’s reduction target in 2030. However, primary focus will be given on domestic emission reductions. Liechtenstein aims at a reduction of greenhouse gases by 40 % compared to 1990 by 2030,” according to the document posted on the UNFCCC website.
“Albeit Liechtenstein is already highly efficient in its energy use some costs for further reductions within the country would be unreasonably high. Therefore Liechtenstein aims at the supplemental realization of emission reductions abroad. To that respect Liechtenstein emphasizes to invest in emission reduction projects of high quality standards which besides the mitigation of greenhouse gases also lead to social, health and environmental benefits.
By Ben Garside – ben@carbon-pulse.com
