Financing technology delivery for SDGs: a way forward for TFM

Financing technology delivery for SDGs: a way forward for TFM

The importance of Science and Technology (S&T) and availability of innovation driven solutions, particularly to mitigate and address sustainability challenges globally has been a central theme in all important global platforms in the recent past including the Rio+20 process that led to the 2030 Agenda for Sustainable Development, the Third International Conference on Financing for Development (FfD3) leading to the Addis Ababa Action Agenda, the Climate Change negotiations under the United Nations Framework Convention on Climate Change (UNFCCC) including COP 21 and the Istanbul Plan of Action (IPoA) for the Least Developed Countries (LDCs). The FfD3 prioritising S&T delivery perhaps signals collective willingness to address issues of resource availability and financing of a global mechanism to facilitate and support the process.

The Addis Ababa Action Agenda documents final decision on part of world leaders to establish a Technology Facilitation Mechanism – TFM. This was officially adopted at the UN Sustainable Development Summit in September 2015 for the implementation of the 2030 Agenda for sustainable development. India (along with Brazil) has been enthusiastically promoting the cause for TFM under the Post 2015 Development Agenda.

This policy brief reviews the current proposals for TFM and proposes a three-tier structure that can be way forward for the TFM. It also presents possible role that India can play in steering the TFM.

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