Events facts
09:00-10:30 GMT GCF-GEF Pavilion
Technology solutions and innovations are instrumental to facilitate the move towards low-emission and climate-resilient pathways. Climate technologies can cover sectors such as energy supply and distribution, industry, transport, waste and agriculture. They can help adapt to the adverse impacts of climate change, for instance, through the deployment of early warning systems or drought-resistant crops, or support the reduction of greenhouse gas (GHG) emissions through “clean tech” in renewable energy, energy efficiency or transportation systems.
Against this background, financial and technical support is needed in areas such as: R&D of new technology; developing/strengthening innovation systems including understanding the context-specific needs of different countries where transformational innovation efforts must be based; piloting/testing of technologies in new environments and adapting climate technologies to local contexts; supporting policy/regulatory frameworks for climate technology deployment; fostering national coordination mechanisms to effectively identify and prioritize climate technology solutions in national strategies and plans; and market preparation, business planning, and financing for deployment and scaling-up of climate technology solutions.
As an operating entity of the Financial Mechanism under UNFCCC that also serves the Paris Agreement, GCF supports developing countries in mitigation and adaptation actions as well as in capacity-building and technology development and transfer. The GCF Board confirmed in 2016 that current GCF modalities enable support for technology development and transfer, including for collaborative R&D. The Board also emphasized the importance of continued collaboration with the UNFCCC Technology Executive Committee (TEC) and the Climate Technology Centre and Network (CTCN) in implementing support for technology. At COP23, Parties encouraged GCF to report information on approved projects that support the innovation in climate technologies.
By establishing new partnerships of public and private sector stakeholders, GCF’s climate innovation and technology aims to stimulate entrepreneurial ecosystem development, sustainable climate technology innovation and international collaboration in transfer and dissemination of climate technologies in developing countries. In this way, this initiative will ultimately contribute to promoting sustainable green growth, green job creation, GHG mitigation and improved climate resilience in participating developing countries.
Objectives:
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Emphasize the role of climate innovation and technology to achieve the Paris Agreement goals and net-zero target.
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Demonstrate how GCF, with its public and private partners, is aiming to foster innovative climate technologies through its incubator and accelerator programme.
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Discuss challenges and opportunities in deploying climate technologies across developing countries.
Participants:
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Moderator: Ms. Kavita Sinha, Deputy Director, DMA, GCF
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Mr. Javier Manzanares, Deputy Executive Director, GCF
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Mr. Mareer Mohamed Husny, Vice-Chair, UNFCCC TEC (Maldives)
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Dr. Rose Mwebaza, Director, CTCN
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Dr. Frank Rijsberman, Director-General, Global Green Growth Institute (GGGI)
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Mr. Wooksang Ahn, Global Head of Climate Business, Korea Development Bank
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Mr. Abdulmajid Mussa Nsekela, CEO, CRDB Bank Plc
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Mr. Jay Koh, Managing Director, the Lightsmith Group