New opportunities for technology transfer and business cooperation with the Climate Technology Centre and Network (CTCN)
Better technologies and new ways of using existing knowledge are an important means to cut greenhouse gas emissions and enhance climate resilience. The UN Climate Change Convention (UNFCCC) negotiations, in particular the Paris Agreement’s chapter on technology transfer and development, create a broad framework for greater global collaboration. The International Energy Agency (IEA) estimates that implementation of the national climate plans submitted by countries for the Paris Agreement – the intended nationally determined contributions, or INDCs – will mean approximatively 11.48 trillion Euros1 of investment in low-carbon technologies, renewables and energy efficiency over the next 15 years.
These are emerging markets for EU companies, ones that will create quality jobs in Europe and abroad. While the EU is home to thousands of clean tech companies, developing country markets remain unchartered territory for many of them. Yet as developing countries around the world seek to fulfil their national climate commitments and sustainable development goals, a rapidly growing need for low-carbon and clean energy technologies and training is emerging.
To maximise opportunities, both in the EU and in developing countries, cooperation and networking are key. Joint projects with international partner countries and exchanges of knowledge help to create synergies and allow the sharing of experiences on how to best innovate. Technology transfer is an important pillar of the UNFCCC and the Paris Agreement. In order to accelerate matchmaking opportunities between technology providers and interested parties in developing countries, the UN’s Climate Technology Centre and Network (CTCN) was launched in 2014 with support from the EU. Three years later, almost 200 clean technology transfers are now underway in more than 70 countries, in sectors ranging from agriculture and energy to industry and waste management.
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