Funding and Cooperation for Innovation

Technology Innovation and Diffusion

Session background and objectives

・Rapid innovation and diffusion of technology are both critical aspects of transformation to a zero-emission society.

・In this session, attention is paid to both diffusion and innovation of technology, based on international cooperation transcending the traditional North-South divide. Discussion on how to promote cooperation on innovation and diffusion of technology will be held.

・One of the key obstacles hindering diffusion of low-carbon technologies is typically the high cost of capital, as well as high interest rate in developing countries. As for innovation, there needs to be an increased cooperation between developing and developed countries to foster technologies that caters to the needs of the host countries. Innovative instruments and initiatives are being devised in both fronts.

・This session assembles those at the cutting edge of technology innovation and diffusion, to exchange real-life experiences, obstacles and solutions for a way forward.

Speakers

Ismail Serageldin[Chair]

CV

Founding Director Emeritus, Library of Alexandria

Marco Monroy

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CEO, MGM Innova Capital

Abstract:

The presentation focuses on innovative business models for the diffusion of climate friendly technologies in developing countries. Emission reductions will only be achieved at a massive scale once top-tier existing and constantly upgraded technologies are deployed profitably. Innovative business models are built upon installation, operation and maintenance of reliable, cost-efficient technologies, by using existing regulatory regimes, legal structures, and tax, accounting and environmental incentives. The presentation includes examples of application of innovative business models for the promotion of energy efficiency, including contract types, methods of payments, and internet-based crowd funding to procure debt for selected projects.

Manu Maudgal

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Programme Advisor, Energy Efficiency Services Limited / GIZ

Abstract:

Energy efficiency (and conservation) technology diffusion programme in India

Attracting investments towards energy efficiency technology diffusion is a challenge, yet if early investments are not made, the economy runs the risk of getting locked into emission intensive infrastructure.

Recent experience from India suggests that possibly an answer has been found. Over the past few years, state run Energy Efficiency Services Limited has effectively experimented in harnessing markets to push new ‘energy efficient’ devices by aggregating demand in lighting with LEDs and now in other segments such as Air conditioning.

The talk explores the building blocks essential to leverage the large scale investments for wide-spread diffusion of energy efficient technology. The experience suggests that concerted institutional effort can indeed redirect significant market investment towards low-carbon investment, effect market transformation and play a vital role in helping meet ambitious GHG objectives.

Jim Falk

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Professorial Fellow, Melbourne Sustainable Society Institute, The University of Melbourne

Abstract:

Goading and Guiding Innovation in a time of climate change: An Australian Case Study

Meeting the Paris agreement targets will require an enormous effort in innovation and diffusion. In an ideal world the market will provide, but we do not live in such a world. In a time of dynamically changing political circumstances, barriers to innovation must be overcome, and support developed within and between nations and through interaction between market organisations, government and civil society - and stretching from local to global scales. The way these factors come together is illustrated by the case of Australia and its energy debates. The implications, of course, go well beyond Australia.

Tareq Emtairah

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Director of the Energy Department, United Nations Industrial Development Organization (UNIDO)

Abstract:

Prospects for Technology Innovation and Diffusion: Bridging innovation and diffusion

Technology transfer is an important component in the global transformation to a zero-emission society. An overarching concern with this work is the conditions under which transfer mechanisms work and deliver on their promise. Development professionals talk of the need for supportive policies, capacity building, and enabling frameworks to ensure that innovation and transfer of technologies will be realized. In this presentation, we draw on the specific experiences and lessons learnt from the Low Carbon Low Emission Clean Energy Technology Transfer (LCET) programme and bring field insights into the specific challenges for fostering the transfer and diffusion of innovative climate technologies.

Wataru Matsumura

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Director, Global Environmental Partnership Office, Industrial Science and Technology Policy and Environment Bureau, Ministry of Economy, Trade and Industry (METI), Japan

Abstract:

After the Paris Accord coming into effect, its implementation is vital to change our vision into real actions. When trying to make a big wave of actions toward sustainable low-carbon society, the role of private sectors is undoubtedly important. Although there are already many initiatives, partnerships or forums trying to involve private finance and technologies, Ministry of Economy, Trade and Industry is now developing a new proposal to promote “Joint Innovation” between countries in need of solutions and enterprises willing to tackle with new challenges.

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