ESTABLISHMENT OF MRV PROCEDURES FOR NAMAS DEVELOPMENT IN THE STEEL INDUSTRY
Keywords:MRV, NAMA, GHG, energy use, steel industry.
AbstractIn Vietnam, the Monitoring, Reporting and Verification (MRV) of greenhouse gas emissions and procedures that is required to establish a baseline scenario that meets the requirement of a Nationally Appropriate Mitigation Action (NAMA) framework. The steel industry has a strong commercial incentive to monitor its energy use, as energy costs are a key driver for commercial success. In this study, the key question that needs to be examined is whether this data is made available to regulators under existing reporting requirements. If not, the related reasons have to be understood. On the basis of our findings, recommendations need to focus on strengthening reporting incentives, provision of more detailed reporting requirements, and protection of confidentiality. One more key question that needs to be addressed in this context is to which extent there is a gap between Ministry of Industry and Trade’s current and required capabilities in relation to the above functionalities. A number of NAMA readiness activities will be identified and subsequently implemented.
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