The OECD's Inclusive Forum on Carbon Mitigation Approaches (IFCMA) is an initiative aimed at optimizing global emissions reduction efforts through enhanced data sharing, mutual learning, and inclusive multilateral dialogue. The forum's objectives include:
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Methodology Development: The IFCMA is developing methods to assess different carbon mitigation approaches, estimate their impact on greenhouse gas emissions, and provide a comprehensive view of global emissions reductions.
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Data Collection: It involves gathering detailed data on climate-related policies from member countries to facilitate mutual learning and improvement in evaluating emissions mitigation policies.
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Global Impact Analysis: The forum aims to enhance understanding of how various carbon mitigation strategies interact globally and contribute to emissions reduction.
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Partnership Expansion: Currently, 56 members participate, including G20 countries, EU, and invited nations. Discussions are ongoing with additional G20 countries for formal participation.
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Technical Work: The IFCMA conducts pilot studies focusing on methodologies for stocktaking, mapping policies, and estimating policy effectiveness. This includes addressing challenges in calculating carbon intensity metrics for sectors and products.
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Multilateral Dialogue: The forum hosts inclusive dialogues where member countries share experiences in designing and implementing mitigation strategies, optimizing carbon mitigation outcomes, and aligning with policy design and implementation.
The IFCMA is advancing its ambitious technical agenda through a structured program that includes country pilot studies, data collection, and dialogue sessions. The goal is to scale up these methodologies to serve the broader membership, optimize global emissions reductions, and prevent shifts in emissions to other regions.
