Accelerating net-zero goals in Asia: the role of joint crediting mechanism and co-innovation

In the net-zero context, technology transfer plays a critical role in achieving the emission reduction and meeting the climate mitigation goals of countries. However, the extent of penetration of transferred technologies and their respective mitigation potential will depend on the scale of transfer among the source and recipient countries. This paper discusses the pathways of technology transfer and the role of technology collaboration across Asia that can help accelerate transitions towards net-zero goals. The discussion will then specifically focus on two mechanisms of technology collaboration – Joint Crediting Mechanism (JCM) and Co-innovation.