Tech transfer, finance for industry transition remains a challenge: Bhupender Yadav
Admin
Dec 11, 2023 12:03
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Technology transfer and finance for low-carbon transition of hard to abate sectors like iron, steel, cement, and transport remains a challenge, Environment Minister Bhupender Yadav said at the UN climate talks on Sunday. Addressing an event, he said the global industrial landscape has seen a significant shift since the launch of LeadIT, an initiative focusing on low-carbon industrial, in 2019.
"However, the real transition challenges of technology transfer and finance are yet to be addressed," he said.
Yadav emphasised collaborative international mechanisms to tackle challenges, particularly barriers like intellectual property rights for technology transfer.
