A Strategy for Responding to New Market Mechanisms based on the Technology Demands of Developing Countries: A Comparison of Technology Needs Assessment (TNA), Technical Assistance (TA) of the Climate Technology Center and Network (CTCN), and Clean Development Mechanism (CDM) in Six Priority Partner Countries

Abstract

Developing countries continue to seek technological and financial support from the international community to more effectively respond to climate change. Through the Paris Agreement, many countries pledged to develop and implement a voluntary ‘Nationally Determined Contribution (NDC),’ and accordingly the demand for developing and transferring climate technology in developing countries is expected to expand further. In this regard, the present study discusses policy implications associated with accomplishing a national NDC by comparing the climate technology demands of developing countries and the present status of the Clean Development Mechanism (CDM). For this, technology needs assessments (TNAs) and Climate Technology Center Network Technical Assistance (CTCN TA) data were used to understand the technology demands of developing countries and to determine the present status of the CDM regarding technology demands for developed countries. To this end, six countries among South Korea’s priority partner countries were selected-Vietnam, Myanmar, Sri Lanka, Chile, Peru, and Mongolia. The results of this study can be used to establish a response strategy for new market mechanisms based on the technology demands of developing countries in the future, and can further provide implications for the development of domestic advanced climate technology companies.