* the presentation is intended for country delegations but is open to all participants
Climate Technology Centre and Network (CTCN), implementation arm of the UNFCCC Technology Mechanism, jointly with the Eurasian Development Bank (EDB), will share past, present, and future activities supporting climate action in Eurasian and Central Asian countries.
The session aims to exchange collaboration opportunities among international and regional climate players, thereby fostering a line of thinking of participating audiences on how MDBs could translate global climate policies into climate technology practice using climate finance.
CTCN’s presentation will introduce climate policies and technologies that enable climate action addressing the specific challenges of these regions. Following CTCN’s mandate to support developing countries in transferring climate technologies and incubating innovations tailored to the local needs on climate action, a detailed overview of its main service to area Technical Assistance (TA) projects will be covered. These TA projects support countries achieve their Nationally Determined Contributions (NDCs) under the Paris Agreement, by facilitating partnerships that unlock funding, capacities, and proven technological solutions. Key service areas of capacity building and collaboration with stakeholders will inspire how climate technology mechanism have been contributing to building local capacities and forming collaboration opportunities.
The presentation will also brief on successful factors in submitting a TA request to the CTCN, for the mechanism to rightfully support the countries’ achievement of significant environmental and social benefits, such as renewable energy initiatives, climate-resilient agriculture, and sustainable infrastructure development. Information on key pathways to maximize engagement and impact from countries in the region will allow participants to gain insights into how they can initiate collaborations, raise the visibility of climate challenges, and work towards sustainable solutions with CTCN’s support.
As a highlight, the session will also outline the growing collaboration between the CTCN and the EDB, serving as an inspiration for strong cooperation embarked between internation organisations, regional MDBs, and National Development Banks with private sector engagement. Specifically, regional MDBs and National Development Banks can engage with countries to identify private sector projects of national interest that align with their decarbonization goals. This approach ensures that these institutions to not only address public-sector climate initiatives but also foster private sector investments that contribute to the countries' decarbonization efforts. CTCN will elaborate on various means of facilitating synergies between countries and Multilateral and National Banks, which can help secure technical assistance, investment its, and private sector participation in climate technology research, development, and/or deployment.
The session will ultimately;
- a) Inspire MDBs and other PDBs on ways to operationalize the effort of linking solutions, thus, leading a joint action of the transforming hard-to-abate sectors;
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b) Call for countries from this region to actively engage with opportunities to strengthen their capacity of implementing transformative climate projects across both the public and private sectors, accelerating progress toward their NDC goals.
