Tech | December 14, 2009 | 0 comments

Rich Nations Slow to Share Cleantech with Poor

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Deploying low-carbon technology in all nations is considered vital to slowing global warming, but little progress has been made so far at the Copenhagen climate talks on "technology transfer" deals that could bring high-tech to the poor.

A lack of climate funding commitments by the rich countries is holding up discussions.

"It's hard to know what's possible in terms of tech transfer — and what can actually be done — until you know how much [money] you have," Victor Menotti, executive director of the International Forum on Globalization, told Solve Climate in an interview.

There are no long-term dollar figures on the table yet for paying for a wider global warming pact. The $350 million, five-year energy efficiency effort U.S. Energy Secretary Steven Chu announced this morning is barely a drop in the bucket when experts estimate that tens of billions of dollars in financing and technology will be needed every year.

The result of this lack of money, said Menotti, is that "almost nothing important" has been agreed on technology transfer.

http://solveclimate.com/blog/20091214/tech-transfer-stymied-lack-climate-funding...
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