India Inc is urging the key negotiating nations at the ongoing climate talks at Durban to focus on three key issues ? market-based mechanisms, technology transfer and trade. Industry chamber Ficci has pushed for strengthening market mechanisms, accelerating technology transfer and removing barriers to trade as this is a route for tech transfer to happen.
?Indian industry also looks on with hope towards the evolution of effective frameworks enabling technology development and diffusion that would enable a greater degree of mitigation action from developing countries. The Green Climate Fund (GCF) should clearly allocate a separate window for technology transfer and 25 % of the fund could be allocated specifically for tech transfer by way of payments for technology royalties,? according to the recent Ficci Climate Change Task Force report.
The industry is echoing New Delhi’s official position of including three contentious issues of unilateral trade measures, intellectual property rights and equitable access to sustainable development for inclusion in the provisional agenda for the talks.
The report notes that the negotiations should address the removal of barriers to trade and ensure that provisions for Unilateral Trade Measures (UTMs) do not enter the realm of international climate policy regime.
Further, it says that technology transfer should be a key element of the Nationally Appropriate Mitigation Actions (NAMAs) being proposed as new mechanisms under the United Nations Framework Convention on Climate Change and should be accounted for under the monitoring, reporting and verification (MRV) mechanism of the developed countries.