$23m for climate technology transfer in developing countries

An investment worth $23 million (£18.4m) is to support the transfer of climate technologies in developing countries. The money from Canada, Denmark, the EU, Germany, Italy, Japan, Korea, Switzerland and […]

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By Jacqueline Echevarria

An investment worth $23 million (£18.4m) is to support the transfer of climate technologies in developing countries.

The money from Canada, Denmark, the EU, Germany, Italy, Japan, Korea, Switzerland and the US will be delivered to the UN Framework Convention on Climate Change’s (UNFCCC) Climate Technology Centre and Network (CTCN).

The CTCN promotes the accelerated development and transfer of climate technologies for energy efficient, low carbon and climate resilient development.

It delivers tailored capacity building and technical assistance at the request of developing countries across a broad range of mitigation and adaptation technology and policy sectors.

It has already received 160 requests for assistance from countries – from providing capacity building support for national energy efficiency policies in Colombia to technical assistance for design and financing of crop drying and storage technologies for enhanced food security in Mali.

Patricia Espinosa, UNFCCC Executive Secretary said: “Accelerating the deployment of clean and green technologies is going to be crucial for realising the aims of the Paris Agreement and the Sustainable Development Goals. Finance will also be key if that deployment is to happen at the speed and scale required.

“I would urge others to see how they can contribute so that the CTCN realises its full potential in connecting developing countries to the innovative and relevant technologies they seek.”