Background
The Technology Mechanism, comprising the Technology Executive Committee (TEC) and the Climate Technology Centre and Network (CTCN), was established in 2010 to facilitate implementation of enhanced action on technology development and transfer to support action on mitigation and adaptation (Decision 1/CP.16). The TEC, as the policy arm of the Technology Mechanism, hosted by UNFCCC, analyses technology policy issues and provides recommendations. The CTCN, as the implementation arm of the Technology Mechanism, hosted by United Nations Environment Programme (UNEP), supports developing countries on a demand-driven basis in deploying transformative climate technologies. The Financial Mechanism was established under Article 11 of the Convention to provide financial resources on a grant or concessional basis, including for technology transfer. It functions under the guidance of, and is accountable to, the Conference of Parties (COP), which decides on its policies, programme priorities and eligibility criteria for funding (Article 11.1). Three entities, the Green Climate Fund (GCF) and the Global Environment Facility (GEF) and, since COP 28, the new fund for responding to loss and damage (1/CP.28 and 5/CMA.5), are entrusted with the operation of the Financial Mechanism. The Technology Mechanism and the Financial Mechanism also serve the Paris Agreement.
Consideration of linkages between the Technology Mechanism and the Financial Mechanism started in 2012, when COP 18 agreed to elaborate on them (Decision 1/CP.18). The consideration, including through consultations of the TEC, the CTCN, the GCF and the GEF, continued until COP 21 (Decision 13/CP.21), when the linkages were for the first time considered under a dedicated agenda item. COP 22 (Decision 14/CP.22) COP 24 (Decision 14/CP.24) provided guidance to the TEC, the CTCN, the GCF and the GEF on strengthening the linkages, as did Subsidiary Body for Implementation (SBI) 52–55 and COP 28. In response to guidance and mandates from the COP, the TEC, the CTCN, the GCF and the GEF have made progress in establishing and strengthening institutional and operational linkages between the Technology Mechanism and the Financial Mechanism.
Objectives
The in-session workshop will take stock of the linkages between the Technology Mechanism and the Financial Mechanism and explore ways to maintain and enhance linkages. More specifically the workshop aims to:
- Identify ways for enhancing linkages between the Technology Mechanism and the Financial Mechanism to support the implementation of technology priorities of developing countries, identified through technology needs assessments (TNAs) and technical assistance provided by the CTCN.