EU, 8 countries pledge 23 mln USD to support technology transfer in developing countries

The European Union and eight countries pledged here on Wednesday 23 million U.S. dollars to support technology transfer in developing countries to meet their mitigation and adaptation goals.

The pledge was announced at the 22nd Conference of the Parties to the United Nations Framework Convention on Climate Change (COP22) in Marrakech by the United States, Canada, Denmark, Germany, Italy, Japan, South Korea and Switzerland, aiming at delivering tailored capacity building and technical assistance to developing countries.

It provides a major scale-up of Climate Technology Center and Network (CTCN) of the United Nations Framework Convention on Climate Change (UNFCCC), which is the implementation arm of the Technology Mechanism by the COP, and a key institution to help nations realize their commitments under the Paris Agreement.

Patricia Espinosa, executive secretary of UNFCCC, said that accelerating the deployment of clean and green technologies and finance is going to be crucial for realizing the aims of the agreement and the Sustainable Development Goals.

This new funding support will enable the CTCN to meet the growing demand for technology solutions that work for developing countries, Spencer Thomas, the CTCN Advisory Board Chair said.

Received assistance requests include providing capacity building support for national energy efficiency policies in Colombia, technical assistance for design and financing of crop drying and storage technologies for enhanced food security in Mali, and facilitation of South-South technology transfer in Bhutan for reduction of greenhouse gas emissions in the transport sector. Endit