Show Us the Money

 

As nations consider whether to introduce a new, improved technology framework in advance of COP22, ECO has a plaintive question for delegates: Is this the year when you plan to show us the money?

COP veterans can trace debate over the technology framework back to COP7 in Marrakesh. ECO has heard about the fundamental dissatisfaction with the current tech framework and its limited utility in meeting the Paris goals. ECO has also seen developing countries driven into successive rounds of technology needs assessments (TNAs), project registries and bilateral/multilateral funding mechanisms. At every turn, precious time has been spent developing funding methodologies and accountability tools, so that projects could roll out.

It’s been a long and tortuous enough process to leave ECO counting the grey hairs on its head.

They’re much more plentiful than they were the last time we were in Marrakesh!

With the momentum and ambition that nations worked so hard to build into the Paris Agreement, COP22 must set the stage to turn TNAs into fundable projects. We need institutions that can move with lightning speed to mobilise funds, build capacity and introduce structures that make it easier for countries to adapt and adopt the technologies that pretty much every nation wants.

A successful mechanism will also require institutional architecture that enables developing countries to set their own technology priorities. That will mean transferring the “software” as well as the “hardware”. Solar panels, grid-scale batteries and soil remediation technologies will help developing countries to function as full participants in the Paris implementation. But they’ll also need the information, analysis and know-how to put those systems to use.

Countries started the technology dialogue the last time the COP was in Marrakesh. Let’s close the loop and get the right solutions in place when we go back this year.