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== 4.4.2.2 Monitoring, reporting, and review institutions == <div id="section-4-4-2-2-block-1"></div> One of the novel features of the new climate governance architecture emerging from the 2015 Paris Agreement is the transparency framework in Article 13 committing countries, based on capacity, to provide regular progress reports on national pledges to address climate change (UNFCCC, 2016) <sup>[[#fn:r1002|1002]]</sup> . Many countries will rely on public policies and existing national reporting channels to deliver on their NDCs under the Paris Agreement. Scaling up the mitigation and adaptation efforts in these countries to be consistent with 1.5Β°C would put significant pressure on the need to develop, enhance and streamline local, national and international climate change reporting and monitoring methodologies and institutional capacity in relation to mitigation, adaptation, finance, and GHG inventories (Ford et al., 2015b; Lesnikowski et al., 2015; Schoenefeld et al., 2016) <sup>[[#fn:r1003|1003]]</sup> . Consistent with this direction, the provision of the information to the stocktake under Article 14 of the Paris Agreement would contribute to enhancing reporting and transparency (UNFCCC, 2016) <sup>[[#fn:r1004|1004]]</sup> . Nonetheless, approaches, reporting procedures, reference points, and data sources to assess progress on implementation across and within nations are still largely underdeveloped (Ford et al., 2015b; Araos et al., 2016b; Magnan and Ribera, 2016; Lesnikowski et al., 2017) <sup>[[#fn:r1005|1005]]</sup> . The availability of independent private and public reporting and statistical institutions are integral to oversight, effective monitoring, reporting and review. The creation and enhancement of these institutions would be an important contribution to an effective transition to a low-emission world. <div id="section-4-4-2-x"></div> <span id="financial-institutions"></span>
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