CMCC, EIEE Webinar: Technology Transfer and Innovation for Low-Carbon Development

Containing global warming to 1.5 degrees is technically feasible with existing low-carbon technology (LCT), but only if it is deployed on a massive scale to developing countries. The cost of LCT is decreasing while investment, trade, and innovation in this sector are on the rise. However, the benefits of that progress have largely eluded the world’s poorest countries, which play a minuscule role in LCT markets as buyers, sellers, or innovators—despite being the most vulnerable to extreme weather events, flooding, damage to infrastructure, and habitat loss. Global transfer and deployment of LCT from developed to developing economies is a necessity, but also an opportunity. Actions that promote LCT absorption, use, and production—such as investments in human capital, infrastructure, and firms—also benefit entire economies. These investments can increase a country’s competitiveness, output, and employment while producing other benefits that improve the lives of citizens.