Transfer of Technology as an International Bridge for Sustainable Development: Issues for Developing Countries

Abstract

For equitable and appropriate measures needed for Sustainable Development, technology transfer works as a bridge in bilateral and multilateral agreements. The concept needs to clarify the Principle of Sustainable Development based on Common but Differentiated Responsibilities, accessibility and affordability, capacity building, resilience, adaptation as well as mitigation. Policies and Regulations regarding technology transfer discussed in the Montreal Protocol and Kyoto Protocol are significant. As climate change becomes the current problem, ESTs have drawn the attention of the UNFCCC. The fundamental challenges before the world are social disparities, degradation of soil, and depletion of water and natural resources. Technology transfer works as the platform for interaction between developed nations and developing nations to achieve Sustainable Development. A case study of Taiwan is reflected to explain the situation prevailing for countries that are not within the limits of the International Court of Justice or the UNFCCC. Overall, the transfer of technology has been the most crucial factor in maximizing trust and reducing tension to overcome the problem of climate change and other issues associated with it.