2. [Measurement, reporting and verification of commitments or actions]
24. The current system for reporting and review of national communications and national GHG inventories under the Convention, with its independent review structure, provides a basis for the measurement, reporting and verification of mitigation commitments or actions by developed country Parties. In the implementation of measurement, reporting and verification, relevant provisions of Articles 5, 7 and 8 of the Kyoto Protocol and related decisions [shall] [should] be applied. These provisions [shall] [should] be further strengthened. The COP shall review and define the principles, modalities, rules and guidelines for measurement, reporting and verification, including those relating to quantified emission limitation and reduction commitments.
Alternative to paragraph 24:
The quantified emission reduction targets and corresponding policies, measures and actions undertaken by developed countries shall be measurable, reportable and verifiable, and this requirement shall apply to the progress and results of implementation actions as well as the quantified emission reduction commitments per se, which shall apply, mutatis mutandis, the provisions and procedures of the Kyoto Protocol regarding compliance, monitoring and verification mechanisms.
25. Measurement, reporting and verification shall include an assessment of costs and adverse impacts of the mitigation actions, policies and measures, in particular impacts on the developing countries specified in Article 4.8 (h), as well as an assessment of efforts to eliminate such adverse impacts.
