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08-12-2015 Cop20 news

Governments and Private Sector Commit to Increase R&D for Low-Carbon Technologies

innovacion

Paris, 8 December 2015. Government and private sector leaders announced commitments and partnerships on Tuesday to achieve a major increase in investments for research and development in low-carbon technologies and ways to speed up their diffusion in developing countries.

The Lima to Paris Action Agenda (LPAA) Focus on Innovation builds on the pledges made at COP 21 on November 30 under “Mission innovation”. The initiative of 20 countries, all major economies, aims to dramatically accelerate public and private global clean energy innovation, including doubling their current research and development (R&D) investments in the sector.

The initiative is coupled with a private sector effort called the “Breakthrough Energy Coalition” led by Bill Gates to invest extraordinary levels of private capital in clean energy.

Building on this initiative, the Focus on Innovation is gathered High-level speakers, including US Secretary of Energy Ernest Moniz, Executive Director of the International Energy Agency (IEA) Fatih Birol, the Chairman of the State Grid of China Corporation, The African Union and President of COP 21, M. Laurent Fabius, along with many Energy and Environment Ministers.

Together with private sector leaders, speakers highlighted the benefits of collaboration between public and private stakeholders and showcase successful initiatives to scale up energy technology innovation.

The Energy Ministers from India, France, China, Brazil, UAE and Sweden and CEOs of major innovation companies detailed the financing needs to scale up RD&D in low carbon energy technology.

The event discussed how to accelerate innovation in developing countries by enhancing local innovation capacity.

Leaders from the public and private sectors in developing countries showcased their actions and presented the specific needs of their countries to drive innovation.

Fatih Birol led a discussion about the role played by international collaboration in increasing capacity and accelerating innovation. This included commentaries by country leaders associated with the Clean Energy Ministerial and The Innovation for Cool Earth Forum. The Private sector were also represented, with Peter Bakker, CEO of the World Business Council for Sustainable Development, showcasing the main results of the collaborative platform Low Carbon Technology Partnerships Initiative - a series of concrete action plans for the large-scale development and deployment of low-carbon technologies.
 

ABOUT LPAA
The Lima-Paris Action Agenda is a joint undertaking of the Peruvian and French COP presidencies, the Office of the Secretary-General of the United Nations and the UNFCCC Secretariat. It aims to strengthen climate action throughout 2015, in Paris in December and well beyond through: mobilizing robust global action towards low carbon and resilient societies; providing enhanced support to existing initiatives, such as those launched during the NY SG Climate summit in September 2014; and mobilizing new partners and providing a platform for the visibility of their actions, commitments and results in the run up to COP21. Learn more at http://newsroom.unfccc.int/lpaa/about/

The main LPAA initiatives related to Innovation are:

  • Innovation Mission
  • Cement sustainable Initiative – LCTPi
  • Scaling up Renewable Energy - LCTPi


FOR MORE INFORMATION:

  • Diane Gaillard - LPAA Press Officer: +33 6 99 62 49 79 | presse@cop21.gouv.fr
  • Press contact for Innovation - Greg Frost | Greg.FROST@iea.org
  • Event Programme online: http://newsroom.unfccc.int/lpaa/cop-21/
  • NAZCA climate commitments platform Over 10.000 concrete actions, from cities, companies, investors, foundations, NGOs http://climateaction.unfccc.int/
  • Twitter UNFCCC:@UNFCCC (Eng.), @CCNUCC (Fr.), @CMNUCC (Esp.), @UNKlima (De.)
  • Twitter LPAA: @LPAA_Live | #LPAA
  • YouTube UNFCCC: https://www.youtube.com/user/climateconference
  • YouTube COP21:http://bit.ly/1G7HWWj
  • Flickr (copyright free photos):https://www.flickr.com/photos/136161474@N05/albums

 

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