Fostering green recovery through climate technologies: How the private sector and market mechanisms can accelerate technology transfer
Webinars: May 27 – June 17, 2020
The COVID-19 pandemic and the persistent climate crisis presents the world with a double challenge: mastering the economic recovery while introducing measures which lead to a rapid decline in Greenhouse Gas (GHG) emissions. The accelerated deployment of climate technologies with the support of effective market mechanisms, such as emission trading or private climate financing, can provide a substantial answer for the required Green Recovery.
Against this background, the National Designated Entity (NDE) of Germany on behalf of the Federal Ministry for Economic Affairs and Energy (BMWi) has organised a series of webinars to showcase and jointly develop possible solutions on how market mechanisms can provide cost-efficient mitigation strategies and foster the transfer of climate-friendly technologies to developing countries.
As part of the discussion the following central questions have been addressed:
- How can market mechanisms support the deployment of climate technologies in development technologies? What role could market mechanisms e.g. under Article 6 of the Paris Agreement play and how will such mechanisms develop?
- What role can standards and benchmarks play to safeguard the environmental integrity and the path required to reach the targets under the Paris Agreement? How can they help to avoid lock-in effects of emissions through technologies or carbon-intensive practices which are incompatible with the achievement of the Paris Agreement’s goals?
- What does it take to effectively deploy climate technologies and co-operations in developing countries? How can Green Recovery and regional roll out e.g. in Africa look like?
- How can the technology mechanism with the CTCN and TEC at its core contribute to the accelerated use of climate technologies?
Renowned international speakers brought their distinctive views to the four webinars to discuss global challenges and opportunities through short inputs and panel discussions.
NDE Germany is one of 158 focal points that have been created in the framework of the Technology Mechanism of the UNFCCC to facilitate the introduction, use and transfer of climate-related technologies globally.
The views and opinions expressed in this webinar series do not necessarily reflect the position of the German Ministry for Economic Affairs and Energy or the German government.
About the sessions
The webinars are providing different angles on the topic of “Green Recovery: How the private sector and market mechanisms can accelerate the deployment of climate technologies”. You can find the recordings of three of the sessions below.
Session 1 - May 27: Accelerating climate technology transfer in key industries through market mechanisms
The transformation towards a low-carbon economy depends in many countries on the contributions of key industries such as the cement sector or companies providing industrial engineering services. Our speakers are taking the example of these two sectors to explore how market mechanisms could support the deployment of climate-friendly technologies. They will address required global action in their industries to close the emissions gap and show the potential role market mechanisms can play. Our panel will discuss which technologies in these industries are suitable to meet the targets under the Paris Agreement and to avoid lock-in effects.
Philipp Hauser from the environmental think-tank Agora Energiewende and Nikolaus Wohlgemuth from the climate consultancy First Climate will discuss with Hans-Jörn Weddige from thyssenkrupp and Christoph Reißfelder from HeidelbergCement.
When? The session took place on Wednesday 27 May 2020 at 15:00 CEST.
Session 2 - June 03: Financing the deployment of climate technologies
Introducing climate friendly technologies can lead to large reductions in Greenhouse gas (GHG) emissions. But how can the required investments for the use of low carbon technologies in developing countries be financed? And what role can sustainability benchmarks and technology standards play in global funding and financing? How can these benchmarks be taken up by the international climate regime (e.g. the technology framework under the UNFCCC) and be deployed to accelerate the transfer of climate technologies? What are examples for the financing of successful implementations of climate technologies?
Katarin Wagner and Graham Smith from the international bank HSBC, Frank Wolke from the German Emissions Trading Authority DEHSt and Stefanos Minas, Vice Chair of the Technology Executive Committee (TEC) will highlight how public and private financing, and the development of emissions trading under Art. 6, with appropriate standards can accelerate the required transformation towards decarbonisation.
When? The session took place on Wednesday 03 June 2020.
Session 3 - June 10: Implementing technology cooperation
Technology transfer in practice: When technology needs have been identified, how can developing countries start a technology cooperation and how can they access funding? This session will have its focus on Africa and how private and public actors can successfully cooperate for the deployment of climate technologies. Entrepreneurs will provide success stories for the use of climate technologies in developing countries – and our speakers shed a light on the accelerated spread of these technologies through suitable national enabling conditions, the collaboration of international support mechanisms and UNFCCC institutions and their network.
On the panel for this session: Rose Mwebaza, director of the UNFCCC Climate Technology Centre and Network (CTCN), the impact-driven technology business Africa Green Tec and the German export promotion initiatives "German Energy Solutions Initiative" and "Africa Business Network".
When? The session took place on Wednesday 10 June 2020.
Due to technical difficulties, the recording of this session is unfortunately not available.
Session 4 - June 17: Upscaling technology cooperation
Successful technology transfer depends on many factors – and is highly influenced by international regulations and support mechanisms. The development of relevant sectoral benchmarks alongside the deployment of innovative technological solutions can help achieve the targets of the Paris Agreement. So how can international technology transfer be improved? Which guidance is needed and how can cooperation in general be fostered?
Orly Jacob, Chair of the Advisory Board of the international technology network CTCN and Tomoo Machiba, its Deputy Director discuss the potential future role of international institutions in technology transfer. Also, Randy Zadra from the technology provider PEM Motion will present a case-study of successful sectoral transformation in transport in developing countries. Our panel will take a look into global transformation processes, through the example of urban and electric mobility.
When? The session took place on Wednesday 17 June 2020.