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

GEFs 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 CO 2 avoided – Amounts to slightly over $1/tonnes CO 2

Poznan Strategic Program on Technology Transfer Support for Technology Needs Assessments – Support 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 (FY ). GEF-5 replenishment negotiations are expected to conclude in May 2010.

History of GEF Replenishments GEF Pilot Phase (FY ) – $1 billion GEF-1 (FY ) – $2.2 billion GEF-2 (FY ) – $2.8 billion GEF-3 (FY ) – $2.9 billion GEF-4 (FY ) – $3.1 billion GEF-5 (FY ) ?

Contact Information Zhihong Zhang, Ph.D. Cluster Coordinator Climate Change Mitigation Tel: Website: