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The discussion paper, National Benefits of Climate Reporting, intends to highlight benefits that a country can obtain through transparent and ambitious climate reporting and a robust and self-sustained Measurement, Reporting and Verification (MRV) system, which go beyond the obvious benefit of fulfilling current and future reporting requirements under the UNFCCC. By highlighting the national benefits that are less visible at first glance, the discussion paper seeks to enhance the understanding of policy-makers and other stakeholders as to why transparency and MRV for climate reporting has merits of its own, and how countries may tap such national benefits. To this end, the discussion paper identifies and describes a number of such national benefits and provides concrete experiences and examples from various countries.