On 18 June, RCC Latin America delivered a training for Panama focused on finance, measuring qualitative actions and transitioning to quantitative actions, with emphasis on development of indicators and progress reporting for NDCs.

The training program engaged government officials, policymakers, and professionals working in the fields of climate change, sustainability, and environmental policy. The training objectives were tailored to Panama:

• Provide participants with insights into the significance of Panama's NDC update in the context of the Latin American region and its alignment with the outcomes of the first Global Stocktake (GST).
• Facilitate participants' understanding of the knowledge and skills necessary to identify specific opportunities to access financing for NDC implementation and develop better strategies accordingly.
• Enable participants to develop effective financing strategies tailored to Panama's specific NDC goals and priorities.
• Familiarize participants with best practices for translating qualitative goals outlined in the NDC into quantifiable targets through the development of indicators.
• Train participants on the implementation of best practices for monitoring, reporting, and verifying the progress of Panama's current NDC, ensuring transparency and accountability in the process.
  
   

Background
 

On May 31st, the government of Panama presented the update of its NDC 2.0 as part of its third cycle of NDC updates for the year 2025. This event marks a significant milestone in the Latin American region as it is the first country to present its efforts in line with the outcomes of the first Global Stocktake (GST).

This training program on Nationally Determined Contributions (NDCs) is tailored to address the current needs identified by the Panamanian government on enhancing access to financing and formulating financing strategies for its NDC.

Furthermore, the program delves into best practices for translating qualitative goals outlined in the NDC into quantifiable targets through the development and implementation of indicators. This segment aims to explore effective approaches to transforming qualitative NDC goals into measurable outcomes. Discussions will cover the selection of appropriate indicators that accurately reflect progress toward NDC objectives and the design of effective monitoring systems to gather relevant data. Additionally, case studies and practical examples of indicators used in various contexts will be examined to illustrate successful approaches in translating qualitative objectives into quantifiable targets, facilitating the dissemination of best practices in reporting on the progress of the country's current NDC.