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: zzhang2@thegef.org

Tel: 202-473-9852

Website: www.TheGEF.org