A multi-million dollar international project to develop tech solutions for tackling climate change is delivering results, it was revealed at COP24 today.
Led by the Climate Technology Centre and Network (CTCN), with the support of National Designated Entities, tech experts and funders, the Five Year Progress Report shows 137 technology solutions being taken forward, or about to begin, in 79 countries. Around 2,500 people have been trained in this time and a reduction of 10 million tonnes of CO₂eq a year will result from the realisation of the projects. Building on an initial $40 million USD of investment, the initiative has leveraged $670 million for ‘developing countries’ technology implementation’.
“Accelerating the deployment of clean and green technologies is crucial for realising the aims of the Paris Agreement and the Sustainable Development Goals. Over the past five years, the CTCN has served as a powerful example of a UNFCCC mechanism connecting developing countries to the innovative and relevant technologies they seek,” said Patricia Espinosa, Executive Secretary, UN Framework Convention on Climate Change (UNFCCC).