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GEF, ADB Discuss Finance and Climate Technology Transfer at COP 18 Side Event

3 December 2012: The Global Environment Facility (GEF) and the Asian Development Bank (ADB) organized a High Level Event on Technology Transfer and Finance alongside the 18th session of the Conference of the Parties (COP 18) to the UNFCCC, in Doha, Qatar, to discuss the role of public policy and private investments in stimulating climate technology transfer.

The event, which took place on 3 December, brought together representatives from the GEF, the World Bank, the World Resources Institute (WRI), the Green Climate Fund (GCF), regional development banks, and the private sector. Participants highlighted, inter alia: GEF's role as innovator in technology transfer; the importance of technology transfer in increasing productivity and closing the technology literacy gap; the relevance of public policy in encouraging private sector investments; the importance of partnering with regional development banks; and the need to scale up markets and existing technologies.

Participants also drew attention to several relevant projects, including: the GEF's Poznan Strategic Programme on Technology Transfer, which focuses on mobilizing investment in environmentally-sound technology and management practices in developing countries; and a new partnership among ADB, the GEF and the UN Environment Programme (UNEP) to facilitate technology transfer. [IISD RS Coverage of the Side Event]