BEGIN:VCALENDAR VERSION:2.0 PRODID:unctad.org BEGIN:VEVENT UID:6a51a96e3a64d DTSTART:20230919T130000Z SEQUENCE:0 TRANSP:OPAQUE DTEND:20230919T143000Z LOCATION:Geneva\, Switzerland SUMMARY:Special panel discussion: Harnessing the GSTP to forge a developmen t-led sustainable transition among member countries CLASS:PUBLIC DESCRIPTION:Bold actions commensurate with the urgency of the current clima te situation are needed for a successful energy transition. Most of the en ergy transition must be based on renewable sources. A record-breaking $1.3 trillion in worldwide investments in energy transition technologies was r eached in 2022. Global annual spending in these technologies must more tha n double to $5 trillion to maintain Paris Agreement target of limiting fut ure global warming to 1.5°C. By 2030 global energy transition investments must reach $5.5 trillion annually over the next 8 years. UNCTAD estimates that developing country investment levels must reach $1.7 trillion annual ly. However\, developing countries have only attracted $544 billion in FDI for clean energy in 2022. \n\nThe magnitude of required investment indic ates a corresponding huge\, growing commercial market for low carbon energ y technologies that developing countries must seize as producers and expor ters of renewable energy goods and services. The opportunity cost of not p articipating in this growing market and risks of leaving developing countr ies behind is high. \n\nThis event will examine how the GSTP can be harne ssed to ensure its member states reap commercial and development benefits from the energy transition. It will explore how the preferential reduction of tariffs among GSTP participants on low carbon technologies\, inputs an d upstream goods required for their manufacture can create new investment\ , production\, and trade opportunities. \n\nIt will also consider how GST P investment\, production and trade in renewable energy technologies can b e supported by GSTP rules of origin provisions and through a government pr ocurement preferential agreement among member states. Additionally\, optio ns for South-South transfer of technology mechanisms such as patent pools\ , joint research and training centers could contribute for a faster sharin g and uptake of innovative solutions. \n\nBy enabling increased cooperati on and coordinated industrial policy\, GSTP can be turned into an effectiv e instrument for maximizing its members’ participation in\, and allowing them to benefit from\, a global energy transition while avoiding dependen cy-led scenarios which might otherwise occur wherein they assume increasin gly large debts to finance their imports of renewable energy technologies from developed countries.\n\nProgramme\n\nModerator\n\n\nMr. Awni Behnam\, Former Assistant Secretary General of the United Nations and Former Senio r Advisor to the Secretary General of UNCTAD \n\n\nSpeakers\n\n\nMs. Chan tal Line Carpentier\, Head\, Trade\, Environment\, Climate Change and Sust ainable Development Branch\, DITC/Mr. Robert Hamwey\, Economic Affairs Off icer\, TED\, DITC (The potential of South-South cooperation on low carbon technology goods\, sustainable food products and plastic substitutes)\nMr. Christophe Bellmann\, Head of Policy Analysis and Strategy\nForum on Trad e\, Environment &\; the SDGs (TESS) (The potential for South-South coop eration on food products) \nMr. Carlos Correa\, Executive Director of the South Centre (The potential of South-South cooperation on transfer of gre en technologies). \n\n\nOpen discussion\n<\;p>\;Bold actions commensu rate with the urgency of the current climate situation are needed for a su ccessful energy transition. Most of the energy transition must be based on renewable sources. A record-breaking $1.3 trillion in worldwide investmen ts in energy transition technologies was reached in 2022. Global annual sp ending in these technologies must more than double to $5 trillion to maint ain Paris Agreement target of limiting future global warming to 1.5°C. By 2030 global energy transition investments must reach $5.5 trillion annual ly over the next 8 years. UNCTAD estimates that developing country investm ent levels must reach $1.7 trillion annually. However\, developing countri es have only attracted $544 billion in FDI for clean energy in 2022.&\; nbsp\;<\;/p>\;\n\n<\;p>\;The magnitude of required investment indi cates a corresponding huge\, growing commercial market for low carbon ener gy technologies that developing countries must seize as producers and expo rters of renewable energy goods and services. The opportunity cost of not participating in this growing market and risks of leaving developing count ries behind is high.&\;nbsp\;<\;/p>\;\n\n<\;p>\;This event will examine how the GSTP can be harnessed to ensure its member states reap co mmercial and development benefits from the energy transition. It will expl ore how the preferential reduction of tariffs among GSTP participants on l ow carbon technologies\, inputs and upstream goods required for their manu facture can create new investment\, production\, and trade opportunities.& amp\;nbsp\;<\;/p>\;\n\n<\;p>\;It will also consider how GSTP inves tment\, production and trade in renewable energy technologies can be suppo rted by GSTP rules of origin provisions and through a government procureme nt preferential agreement among member states. Additionally\, options for South-South transfer of technology mechanisms such as patent pools\, joint research and training centers could contribute for a faster sharing and u ptake of innovative solutions.&\;nbsp\;<\;/p>\;\n\n<\;p>\;By en abling increased cooperation and coordinated industrial policy\, GSTP can be turned into an effective instrument for maximizing its members’ parti cipation in\, and allowing them to benefit from\, a global energy transiti on while avoiding dependency-led scenarios which might otherwise occur whe rein they assume increasingly large debts to finance their imports of rene wable energy technologies from developed countries.<\;/p>\;\n\n<\;h4 >\;Programme<\;/h4>\;\n\n<\;p>\;<\;em>\;Moderator<\;/em> \;<\;/p>\;\n\n<\;ul>\;\n<\;li>\;<\;strong>\;Mr. Awni Behna m\,<\;/strong>\; Former Assistant Secretary General of the United Nati ons and Former Senior Advisor to the Secretary General of UNCTAD&\;nbsp \;<\;/li>\;\n<\;/ul>\;\n\n<\;p>\;<\;em>\;Speakers<\;/em& gt\;<\;/p>\;\n\n<\;ul>\;\n<\;li>\;<\;strong>\;Ms. Chantal Line Carpentier\,<\;/strong>\; Head\, Trade\, Environment\, Climate Ch ange and Sustainable Development Branch\, DITC/<\;strong>\;Mr. Robert Hamwey\,<\;/strong>\; Economic Affairs Officer\, TED\, DITC (The poten tial of South-South cooperation on low carbon technology goods\, sustainab le food products and plastic substitutes)<\;/li>\;\n<\;li>\;<\;s trong>\;Mr. Christophe Bellmann\,<\;/strong>\; Head of Policy Analys is and Strategy<\;/li>\;\n<\;li>\;Forum on Trade\, Environment &am p\;amp\; the SDGs (TESS) (The potential for South-South cooperation on foo d products)&\;nbsp\;<\;/li>\;\n<\;li>\;<\;strong>\;Mr. Carl os Correa\,<\;/strong>\; Executive Director of the South Centre (The p otential of South-South cooperation on transfer of green technologies).&am p\;nbsp\;<\;/li>\;\n<\;/ul>\;\n\n<\;p>\;<\;em>\;Open discu ssion<\;/em>\;<\;/p>\;\n\n\nView meeting on unctad.org\nhttps://un ctad.org/node/42356 DTSTAMP:20260711T022446Z END:VEVENT END:VCALENDAR