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.
Founding Director Emeritus, Library of Alexandria
CEO, MGM Innova Capital
Programme Advisor, Energy Efficiency Services Limited / GIZ
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.
Professorial Fellow, Melbourne Sustainable Society Institute, The University of Melbourne
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.
Director, Global Environmental Partnership Office, Industrial Science and Technology Policy and Environment Bureau, Ministry of Economy, Trade and Industry (METI)