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governments and private sector agents scale up resources to meet the
target of USD 100 billion annually by 2020 as pledged by industrialized
countries under the Cancun Agreement of the UN Framework
Convention on Climate Change (UNFCCC). A key to effective use
of such funding is to ensure it delivers outcomes with multiple co-
benefits or sustainable development.’
In this connection, China and India can pursue international
cooperation on promoting domestic low carbon technology
development from the following three perspectives: (i) securing low
carbon finance and investment, through better targeting use of official
development assistance (ODA), other types of official development
finance and private investment; (ii) promoting green technology
innovation through cooperation, joint R&D and capacity building for
endogenous low carbon technological innovation and adoption, as
well as to protect intellectual property rights and enable conditions
for successful technology transfer; and (iii) promoting cooperation and
exchanges between national and international think tanks and research
institutes on low carbon strategy and policy design, as well as laws and
regulations development, and carbon market creation.
1.5.7 Strengthen Institutional Arrangement
In order to implement low carbon technology development strategies
and policies, a supportive institutional set up is necessary for each of
the two countries. For instance, both China and India can establish
intergovernmental agencies or state-owned companies, or invite
private sectors to promote low carbon technology and know-how
transfer between developed and developing countries, and even
among developing countries. The South–South Global Assets and
Technology Exchange (SS-Gate) in Shanghai jointly established by the
United Nations Office for South–South Cooperation (UNOSSC) in the
UNDP and Shanghai United Assets and Equity Exchange (SUAEE)
in 2006 is a good example in this case. The SS-GATE is a virtual and
physical platform where entrepreneurs in developing countries can
interact and obtain needed technology, assets, and finance in a secure
environment. It facilitates the realization of actual business transactions
through a market mechanism, offering both online and offline
beginning-to-end supporting services. It operates through a global
network of participating organizations and institutional members.
The SS-GATE aims to provide transparent, fair, transactional, and
68 Low Carbon Development in China and India
target of USD 100 billion annually by 2020 as pledged by industrialized
countries under the Cancun Agreement of the UN Framework
Convention on Climate Change (UNFCCC). A key to effective use
of such funding is to ensure it delivers outcomes with multiple co-
benefits or sustainable development.’
In this connection, China and India can pursue international
cooperation on promoting domestic low carbon technology
development from the following three perspectives: (i) securing low
carbon finance and investment, through better targeting use of official
development assistance (ODA), other types of official development
finance and private investment; (ii) promoting green technology
innovation through cooperation, joint R&D and capacity building for
endogenous low carbon technological innovation and adoption, as
well as to protect intellectual property rights and enable conditions
for successful technology transfer; and (iii) promoting cooperation and
exchanges between national and international think tanks and research
institutes on low carbon strategy and policy design, as well as laws and
regulations development, and carbon market creation.
1.5.7 Strengthen Institutional Arrangement
In order to implement low carbon technology development strategies
and policies, a supportive institutional set up is necessary for each of
the two countries. For instance, both China and India can establish
intergovernmental agencies or state-owned companies, or invite
private sectors to promote low carbon technology and know-how
transfer between developed and developing countries, and even
among developing countries. The South–South Global Assets and
Technology Exchange (SS-Gate) in Shanghai jointly established by the
United Nations Office for South–South Cooperation (UNOSSC) in the
UNDP and Shanghai United Assets and Equity Exchange (SUAEE)
in 2006 is a good example in this case. The SS-GATE is a virtual and
physical platform where entrepreneurs in developing countries can
interact and obtain needed technology, assets, and finance in a secure
environment. It facilitates the realization of actual business transactions
through a market mechanism, offering both online and offline
beginning-to-end supporting services. It operates through a global
network of participating organizations and institutional members.
The SS-GATE aims to provide transparent, fair, transactional, and
68 Low Carbon Development in China and India
