Domestically-funded mitigation
Mitigation funded by a country or region and carried out within its own borders.
Critically, national fair shares of the global mitigation requirement are not seen in domestic terms. The Climate Equity Reference Calculator rather views climate as a global commons problem that can only be solved within a high-cooperation international regime. Such a regime can only be established if each Party sees others to be doing their fair shares in the face of the common challenge.
In practice, of course, each country will decide, on the basis of its own specific considerations (e.g. it’s own view of costs, co-benefits and political-economic tradeoffs) what fraction of its fair share of the global mitigation effort it will attempt domestically, and what fraction it will make off shore” by supporting mitigation action in other countries.