NZTC Launches Global Net Zero Initiative At COP28

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The Net Zero Technology Centre (NZTC) and its international partners have announced the launch of a unique Technology Without Borders initiative to bridge the net zero energy technology gap between nations in the Global North and the Global South.

Accelerating the energy transition to net zero

Scotland-based NZTC is a not-for-profit organization working with industry, government, and academia, driving technology innovation to accelerate the energy transition to net zero. The Centre was created in 2017 as part of the Aberdeen City Region Deal, with £180 million of UK and Scottish Government funding.

Luca Corradi, Chief Technology Officer, Net Zero Technology Centre said “The Technology Without Borders initiative will promote economic development opportunities during the energy transition, ensuring that nations can address poverty, energy access, and climate change simultaneously.”

The Technology Without Borders initiative, announced at COP28, embodies a ‘just and inclusive’ ethos to tackle emissions reduction. It will facilitate technology transfer, local adaptation and deployment, support knowledge sharing and capacity building of local technical expertise, while strengthening local supply chains.

COP28 must listen to the voices of the Global South and those affected most by climate change,” said Cabinet Secretary for Transport, Net Zero and Just Transition Màiri McAllan. “Their work is vital to helping address the injustice at the heart of climate change by supporting those communities which are suffering the most but have done the least to cause the climate emergency.”

We must all do our part to ensure developing nations are not bearing the brunt of climate disruption,” said UK Government Minister for Scotland Malcolm Offord. “Technology Without Borders is a fantastic initiative that will deliver innovative and affordable solutions through information sharing to help secure the future prosperity of the energy sector and achieve our much-needed net zero goals.”

Technology for an equitable transition

The initiative will leverage new and existing funds. It will deliver on a targeted approach that considers the emissions reduction scale, and specific place challenges, to enable people to build local technology value chains.

A pipeline of bankable projects is being developed with partners in the Global South, targeting five key projects in 2024 and rapidly scaling in consecutive years.

The UK Government is investing £90 million in the Net Zero Technology Centre to support sustainable economic growth in North East Scotland, as part of our more than £2.7 billion investment to level up across Scotland,” said Offord.

NZTC is calling for international financial, industrial and technology partners to join our global North South initiative, co-developing technology for an equitable transition.

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Source: Net Zero Technology Centre

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