Many hope that the Global Stocktake under the Paris Agreement can become a catalyst for increased mitigation ambition over time. Based on different theories of change, this paper outlines four governance functions for the Global Stocktake. It can contribute to the Paris Agreement as a pacemaker (stimulating and synchronising policy processes across governance levels), by ensuring accountability of Parties, by enhancing ambition through benchmarks for action and transformative learning, and by reiterating and refining the guidance and signal provided from the Paris Agreement. The paper further outlines process- and information-related preconditions that would enable an ideal Global Stocktake.
The Discussion Paper "What Makes an Ideal Global Stocktake? A Functional Analysis" by Lukas Hermwille, Project Co-ordinator in the Energy, Transport and Climate Policy Division at the Wuppertal Institute, and Anne Siemons, Researcher Energy & Climate at Öko-Institut e. V., has been published in the "Climate Change" series (22/2018) of the Federal Environment Agency (Umweltbundesamt) and can be downloaded free of charge under the link below.