Financing Technology Transfer by the GEF:
Experiences and Opportunities
UNFCCC Latin America and Caribbean Regional Workshop on Preparing Technology Transfer Projects for Financing
Belize City, May 5-7, 2010
GEF as a Partnership and Catalyst
Partnership with 10 GEF agencies to fund projects in developing countries
3 Trust Funds
GEF Trust Fund
Least Developed Countries Fund (LDCF)
Special Climate Change Fund (SCCF)
181 member countries
GEF and the International Environmental Conventions
GEF is a designated financial mechanism for:– United Nations Framework Convention on Climate Change– Convention on Biological Diversity– Stockholm Convention on Persistent Organic Pollutants– United Nations Convention to Combat Desertification
GEF also closely cooperates with other international agreements
– International and transboundary water systems– Montreal Protocol on Substances that Deplete the Ozone Layer
Leader in Financing Technology Transfer
GEF Trust Fund invested in $2.7 billion in over 150 countries– Mitigation– Adaptation– Technology Needs Assessments– National Communications to the UNFCCC
Largest multilateral public-sector tech transfer mechanism– Financed demonstration, deployment, diffusion, and transfer of more than 45 environmentally sound technologies
GEF’s Role in Financing Clean Energy and Technology Investments
Catalytic
– Leveraged more than $17 billion in co-financing on its $2.7 billion of investments
Innovative
– Leader in financing new, emerging technologies and practices
– Pioneer in supporting market-based approaches (e.g., ESCOs) and innovative financial instruments
Cost-effective
– Over 2.5 billion tonnes of CO2 avoided
– Amounts to slightly over $1/tonnes CO2
Poznan Strategic Program on Technology Transfer
Support for Technology Needs
Assessments– Support 35-45 countries (in addition to 90
TNAs previously supported)
Support for Technology Transfer Pilot
Projects
Dissemination of successfully
demonstrated technologies and know-
how
Long-Term Implementation of the Poznan Strategic Program: Objectives for GEF-5
Demonstration, deployment, and transfer of innovative low-carbon technologies
Market transformation for energy efficiency in industry and the building sector
Investment in renewable energy technologies
Energy efficient, low-carbon transport and urban systems
Conservation and enhancement of carbon stocks through sustainable management of land use and forestry
Enabling activities and capacity building
Technology Development Cycle and Innovation Chain
Context of GEF Replenishments
The GEF Trust Fund gets replenished every four years by donors.
GEF-5 replenishment will fund the operations of the GEF from July 1, 2010 to June 30, 2014 (FY2011-2014).
GEF-5 replenishment negotiations are expected to conclude in May 2010.
History of GEF Replenishments
GEF Pilot Phase (FY1991-1994)– $1 billion
GEF-1 (FY1995-1998) – $2.2 billion
GEF-2 (FY1999-2002)– $2.8 billion
GEF-3 (FY2003-2006)– $2.9 billion
GEF-4 (FY2007-2010)– $3.1 billion
GEF-5 (FY2011-14)?
Contact Information
Zhihong Zhang, Ph.D.
Cluster Coordinator
Climate Change Mitigation
Email: [email protected]
Tel: 202-473-9852
Website: www.TheGEF.org