December 5 – Making the links between finance and technology

The Technology Mechanism is fully operational is the message being delivered at the Lima COP. The Climate Technology Centre & Network (CTCN) is getting requests for technical assistance from developing countries and over 100 Nationally Designated Entities have been registered. The Technology Executive Committee’s (TEC) recent workshop on National Systems of Innovation provided insights on the social, policy and regulatory systems countries need to have in place to progress low carbon technologies, including the education system, business environment, policies and innovation environment.

Business develops and transfers technologies. The contribution that the business community can make in partnership with the CTCN still needs further definition, and work on this is underway and will continue in 2015. One issue that gets raised is how the CTCN and TEC interact with the Green Climate Fund (GCF) and other financing bodies such as the Global Environment Facility (GEF), and even what role these different bodies play. “The GEF innovates and the GCF scales” provides some insight into the roles that these two bodies will play.

Here at the COP, work has been started to define the interactions between the Technology Mechanism and Finance Mechanism. The private sector remains willing to provide input and insight on how these bodies can work together to best support the development and deployment of low carbon technologies that respond to the needs of countries.

It was good to see the TEC/CTCN joint annual report progress through the subsidiary body meetings for agreement next week. The ADP has started to look at technology transfer – something further to watch.

Tanya Morrison, Shell 

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