This technical report covers the technical analysis of the technical annex submitted on a voluntary basis, in the context of results-based payments, by Bhutan on 31 December 2024 through its first biennial transparency report in accordance with paragraph 45 of decision 1/CP.24 and paragraph 14 of decision 18/CMA.1. The technical annex provides data and information on the activities reducing emissions from deforestation, conservation of forest carbon stocks, sustainable management of forests, and enhancement of forest carbon stocks, which are activities included in paragraph 70 of decision 1/CP.16, and covers the same national territorial forest area as the assessed forest reference emission level (FREL) and forest reference level (FRL) proposed by Bhutan in its modified FREL and FRL submission of August 2020.

Bhutan reported the results of implementing these activities for 2015–2023, which amount to –1,152,681.56 tonnes of carbon dioxide equivalent per year (t CO₂ eq/year) and were measured against the assessed FREL and FRL of 505,837 and –8,539,085 t CO₂ eq/year respectively.

The data and information provided in the technical annex are in overall accordance with the guidelines contained in the annex to decision 14/CP.19. The technical analysis concluded that the data and information provided by Bhutan in the technical annex are mostly transparent and partially consistent with the data and information used for establishing the assessed FREL and FRL in accordance with paragraph 71(b) of decision 1/CP.16 and section II of decision 12/CP.17. This report contains the findings from the technical analysis and a few areas identified for capacity-building and future technical improvement in accordance with paragraph 14 of decision 14/CP.19.