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Add to Preferred SourcesMore and more countries, including Armenia and Mongolia, are receiving funding from the Green Climate Fund to conduct their national technology needs assessments.
The annual report from the Green Climate Fund shows an increased focus on supporting projects and country programmes based on developing countries’ own climate technology priorities.
These priorities were defined and articulated with support from the Technology Needs Assessment project, run by a partnership between UN Environment and the Technical University of Denmark with support from the Global Environment Facility.
The Fund has supported 13 assessment-based activities. Four of those are full-scale projects that will receive more than US$217 million to invest in climate technology.
In Armenia, a project focusing on improving energy efficiency through building retrofits and addressing high levels of energy poverty and high use of imported fossil fuels for heating has received funding for two thirds of the total investment of almost US$30 million, thanks to the technology needs assessment project.
Mongolia, meanwhile, is opening new energy efficiency and renewable energy opportunities for its small companies while encouraging greater business participation by women. The assessment found that high investment costs made it difficult for small businesses to access energy-efficient and renewable energy technologies.
Original source: UN Environment
Published on 10 October 2018