News

Contract Signed with Riyan Pvt Ltd to Enhance Mitigation Actions Tracking

24 Nov 2024

The Ministry of Climate Change, Environment, and Energy (MCCEE) has signed a contract with Riyan Pvt Ltd to undertake the “Consultancy Service for Tracking of Mitigation Actions.” This initiative is part of the efforts under the Capacity Building for Improved Transparency of Climate Change Mitigation and Adaptation Actions in the Maldives (CBIT Maldives) project.

The contract signing ceremony took place at the Ministry, with the Permanent Secretary, Mr. Ajwad Musthafa, representing the Ministry, and the Head of Business Development, Mr. Ismail Ishaan, signing on behalf of Riyan Pvt Ltd. The consultancy will be executed by Riyan Pvt Ltd in association with Grant Thornton.

The objective of this consultancy is to develop guidelines on reporting procedures of GHG estimations from mitigation measures, to develop tools, methodologies for estimation of mitigation indicators to track the NDC implementation, develop an Online Integrated Tracking tool and train the relevant stakeholders.

By aligning the Maldives’ transparency efforts in line with the Enhanced Transparency Framework (ETF) of the Paris Agreement, the CBIT Maldives project seeks to strengthen long-term institutional arrangements, systemize data collection and processing, and develop indicators and methodologies. Additionally, the project aims to improve overall data quality and management procedures for GHG inventories, mitigation and adaptation actions tracking, and climate finance, ensuring regular and transparent reporting to the United Nations Framework Convention on Climate Change (UNFCCC) process. These efforts will inform national decision-making processes and contribute to the effective management of climate change challenges.

The CBIT Maldives project is funded by the Global Environment Facility (GEF) and executed by the Ministry with implementation support from the United Nations Environment Programme (UNEP).