Article 10, paragraph 5 of the Paris Agreement states that accelerating, encouraging and enabling innovation is critical for an effective, long-term global response to climate change and to promote economic growth and sustainable development. Countries’ capabilities to drive and enable climate technology innovation are therefore crucial.  

The technology framework, adopted at COP 24 in Katowice, guides the work of the Technology Executive Committee (TEC) and the Climate Technology Centre and Network (CTCN) - the two bodies of the Technology Mechanism - under the Paris Agreement. It identifies innovation as a key area of work for delivering environmentally and socially sound, cost-effective and better-performing climate technologies on a larger scale.    

The recent IPCC Sixth Assessment Report on Mitigation for the first time contained a chapter on ‘innovation, technology development and transfer’, highlighting the importance of adopting a systemic approach to innovation as an enabler of accelerated action on mitigation. It emphasizes that innovations occur in dynamic processes emerging from interactions between different actors and between research and development, economic application, and improvisation through learning by doing and learning by using.    

Against this backdrop, innovation is poised to play a central role in the first work programme of the Technology Mechanism for 2023-2027, as a major driver of the development and diffusion of transformative climate technology solutions.   

Objectives- This event aims to:  

- Facilitate a high-level dialogue among innovation leaders on their vision and actions on climate technology;

 - Amplify voices from technology practitioners, innovators, and other stakeholders on their needs, success stories, and priorities regarding technology innovation and collaborative research, development, and demonstration;  

- Present the current and future work of the Technology Mechanism on innovation, and discuss its role in fostering accelerated diffusion and upscaling of climate technologies.