This report contains the findings of the first periodic assessment of the effectiveness and adequacy of the support provided to the Technology Mechanism in supporting the implementation of the Paris Agreement on matters relating to technology development and transfer. The findings address the areas of assessment suggested under the scope of the periodic assessment contained in the annex to decision 16/CMA.1, including the outputs, outcomes and impact of the Technology Mechanism. The report includes the conclusions from the assessment and recommendations for improving the effectiveness and enhancing support to the Technology Mechanism in supporting the implementation of the Paris Agreement.