The Paris Agreement calls for global collaboration on climate technology and its implementation to adapt to and mitigate the effects of climate change.
The paper features innovative approaches that could stimulate the growth of existing climate technologies adopted by countries (low-emissions and climate-resilient pathways), preferences and knowledge of stakeholders of climate technology are gathered to assist in planning and sources of funding for these projects and programs.
The focus of the paper is not on technology innovations per se but on innovative ideas and actions to increase the growth and application of climate technology to adapt and mitigate climate change with emphasis on developing countries, least developing countries, and small island developing states.
The study says that developing countries account for 90% of energy demand growth until 2050; thus, their transition to climate technology and capabilities to manage this transition effectively is crucial. And to keep temperature rise less than 2°C between 2016 to 2050 would require spending of USD 40 trillion for the deployment of energy technologies.
The report also highlights examples of innovative approaches that support the uptake and large-scale implementation of climate technology through case studies in developing countries. Below are five case studies featured in the report:
- Use of stakeholder and community consultations in Kenya to gauge their opinion and knowledge of renewable energy (wind, solar, and geothermal). Results of the consultations assist the government of Kenya in overcoming challenges and accelerating its application of the appropriate technology.
- Empowerment of farmers in Bangladesh through the dissemination of information relating to practical plant health advice and solution that helped them increase crop yield and manage crop problems.
- Fiji’s issuance of sovereign green bonds to finance green projects and build the country’s resilience to climate change.
- Digitalization of Zimbabwe’s agriculture sector for its smallholders. A departure from the traditional approach wherein large companies reaches farmers through their network of agents with high costs and low returns. Digitalization services which are predominantly led by the private sectors include advisory services, market linkages, finance access, supply chain management, etc.
- Africa’s climate-smart agriculture alliance, an innovative approach to international, national, and local collaboration. The Alliance works to increase the implementation and development of CSA practices, specifically in the most vulnerable rural communities.
The paper features innovative approaches to speed up the implementation of climate technologies for climate adaptation and mitigation in developing countries. It finds that while the market and governments have vital roles in the deployment of climate technologies, innovative approaches can significantly help lessen the government’s burden to promote these technologies, especially in least developed countries (LDC’s).
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