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New funding for technology announced at COP22

(2016-11-16)Today, Canada, Denmark, Germany, Italy, Japan, Korea, Switzerland, the United States and the European Commission announced more than $23 million USD to scale-up support for technology to help countries achieve their commitments under the Paris Agreement.

This will be provided through the United Nations Framework Convention on Climate Change's Climate Technology Centre & Network (CTCN). With the existing funding by the European Commission and EU Member States, such as Ireland, Finland or Sweden, the EU is the largest donor of the CTCN.

The Commission provides a total of €12m to the CTCN to deliver tailored capacity building and technical assistance at the request of developing countries across a broad range of mitigation and adaptation technology and policy sectors.

As countries around the world seek to meet their mitigation and adaptation goals, the CTCN has harnessed expertise from an expanding global network of over 230 technology institutions, from finance, NGO, private, and research sectors, to provide expert policy and technology support to developing country stakeholders, coordinated by nationally-selected focal points in over 150 countries.

Source:European Commission
Date:Nov 17,2016