ADB, through its Climate Technology Finance Center (CTFC), has been working in Hunan Province, People’s Republic of China (PRC) initially to provide assistance in mainstreaming climate technologies into their provincial development and investment plans. Since then, CTFC has expanded its involvement in Hunan to the setting up of a low carbon technology venture capital fund; establishing an accelerator program to mentor early stage clean technology start-up entrepreneurs; and helping create a low carbon technology network and market platform.
On 22 September 2015, a memorandum of understanding (MOU) on cooperation to promote climate technology development and deployment was signed by ADB and the Hunan Development and Reform Commission (Hunan DRC) in Changsha, Hunan, PRC. As part of the MOU, both sides agreed to work together to host an international forum on low carbon technology at Changsha, Hunan in 2016 with the aim of promoting international cooperation on low carbon technology.
2016 marks the 30th year for ADB and PRC cooperation and a series of events will be held to celebrate this 30-year partnership in working towards reducing poverty through inclusive economic growth and sustainable development. This summit is one of the activities to commemorate this important milestone.
The Asia-Pacific Summit on Low Carbon Technology will showcase global, regional, and country success stories and experiences in promoting the development and deployment of low carbon technologies. It will also seek to induce greater levels of investments in low carbon technology as well as stimulate both south-south as well as north-south transfer of technologies through networking and partnership.
The summit will:
- Feature a series of plenary discussions focusing on policies, measures, success stories, and practical experience in low carbon technology deployment and investments
- Host a parallel exhibition featuring more than 50 low-carbon technologies
- Launch the operations of the Hunan Clean Technology Venture Capital Fund: Eco-Artisan Work Fund
- Launch a collection of 50 emerging low-carbon technologies
Around 300 participants are expected to take part in the summit. Representatives from governments, businesses, academic institutions, think tanks, and other international organizations involved in low-carbon technology development, promotion and investment coming from PRC, Japan, Republic of Korea, United States, Europe, other developed countries as well as from the developing countries from Asia and the Pacific are expected to attend.