Development and Transfer of Technologies (Agenda Item 4): Intervention by the United States Delegation: Meeting of the Subsidiary Body for Scientific and Technical Advice

As submitted to UNFCCC Secretariat.

Thank you, Mr. Chairman.

The United States would like to thank the Chair of the Expert Group on Technology Transfer Mr. Chow Kok Kee for his report on the work of the EGTT. We commend the EGTT on an impressive series of activities, reports, and publications produced over the last six years that have, and continue to, contribute to technology transfer under the Convention. Based upon this established record of performance, including recognition beyond this Convention by the G8 and others bodies, we look forward to reaching a Decision next week calling for the continuation of the EGTT through 2012.

The EGTT has made a significant contribution through its work on innovative options to finance technology transfer, which has led to the establishment of the Private Financing Advisory Network, or PFAN, in cooperation with the Climate Technology Initiative (CTI). Under this activity, private finance professionals work with project developers and other project proponents in developing and transition countries to structure projects and prepare financing proposals meeting the standards of the international finance community, with the goal of gaining access to existing private and public sector sources of financing. The success to date of the PFAN will be presented at a joint EGTT and CTI side event tomorrow evening from 6 to 8 PM.

We are pleased to announce that the United States Agency for International Development and the Climate Technology Initiative have signed a Memorandum of Understanding of support for the PFAN to support clean technology deployment and diffusion. The United States has committed $500,000 for the CTI/PFAN to expand the current pilot-scale activities to a much larger scale program. This partnership offers an innovative approach to accelerate the project development process with cost-effective benefits and on-the-ground results in developing and transition countries. The United States thanks the other members of the CTI for their continued support for the PFAN and other activities that facilitate technology transfer under the Convention.

We look forward to constructive discussions in SBSTA on technology transfer, and are confident that we will benefit from the informal consultations generously hosted by the United Kingdom.

Thank you Mr. Chairman.