Technology Funding in a Post-2012 Climate Framework – Background Note

In the UN Framework Convention on Climate Change, developed countries commit generally to provide financial resources, including for the transfer of technology, needed by developing countries to fulfill their obligations under the Convention.

In order to successfully support the adoption of climate-friendly technologies in developing countries, multiple sources of investment – including public and private finance, carbon finance, and multilateral funding – are needed.

This note outlines key design issues and options in considering new means of multilateral funding for climate-friendly technology in a post-2012 climate change agreement.