Documents institutionalizing climate financing discussed in Yerevan 

ArmInfo. The regular meeting of the interdepartmental coordination council for the  implementation of the requirements and provisions of the UN Framework  Convention on Climate Change and the Paris Agreement was held  yesterday under the chairmanship of RA Deputy Prime Minister Tigran  Khachatryan.

As reported by the press service of the RA government, in his opening  remarks, the Deputy Prime Minister emphasized the importance of  carrying out consistent work to increase the practical significance  of the format in order to ensure the targets set within the framework  of the climate change mitigation and adaptation policy.

During the meeting, the draft law "On Climate" was discussed in  detail, including the need to develop regulations for the  institutionalization of climate financing, as well as a measurement,  reporting and accreditation system. In this context, the Deputy Prime  Minister emphasized the importance of analyzing the costs of  addressing climate change issues in the draft state budget for 2025  in terms of creating the necessary capacity to include climate issues  in the planning and budgeting system. The meeting participants also  discussed the proposed action plan for the coming years to promote  the development of electric vehicle mobility, taking into account the  priorities set for various industry departments to reduce greenhouse  gas emissions in the transport sector.