Experiences and lessons learned from support for climate technologies provided by the operating entities of the Financial Mechanism of the Convention

With the adoption of the Paris Agreement in 2015, technology development and transfer were recognized as key enablers to contribute towards holding the increase in the global average temperature to well below 2 °C above pre-industrial levels, pursuant to efforts to limit the temperature rise to 1.5 °C. The Technology Framework adopted by the Parties in 2018 provides overarching guidance to the work of the Technology Mechanism to support the Parties in improving resilience to climate change and reducing GHG emissions. In this context, the TEC agreed to undertake an analysis of the experiences, lessons learned and good practices from the support provided by the GCF and GEF for technology development and transfer.

This technical paper builds on two earlier initiatives mandated by the UNFCCC to review support for technology development and transfer and finance provided in relation to the Poznan strategic programme (PSP). This technical paper assesses the experiences, lessons learned and good practices from the support for climate technologies provided by the operating entities of the Financial Mechanism, with a view to enhancing the operation of the Technology Mechanism and collaboration between the Technology Mechanism and the Financial Mechanism.