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=== FAQ 16.3 | What is the role of international technology cooperation in addressing climate change? === <div id="h2-42-siblings" class="h2-siblings"></div> Technologies that are currently known but not yet widely used need to be spread around the world, and adapted to local preferences and conditions. Innovation capabilities are required not only to adapt new technologies for local use, but also to create new markets and business models. International technology cooperation can serve that purpose. In fact, evidence shows that international cooperation on technology development and transfer can help developing countries to achieve their climate goals more effectively and, if this is done properly, can also help to addressing other sustainable development goals. Many initiatives exist both regionally and globally to help countries in achieving technology development and transfer through partnerships and research collaboration that include developed and developing countries, with a key role for technological institutions and universities. Enhancing current activities would help an effective, long-term global response to climate change, while promoting sustainable development. Globalisation of production and supply of goods and services, including innovation and new technologies, may open up opportunities for developing countries to advance technology diffusion; however, so far not all countries have benefitted from the globalisation of innovation due to different barriers, such as access to finance and technical capabilities. These asymmetries between countries in the globalisation process can also lead to dependencies on foreign knowledge and providers. Not all technology cooperation directly results in mitigation outcomes. Overall, technology transfer broadly has focused on enhancing climate technology absorption and deployment in developing countries as well as research, development and demonstration, and knowledge spillovers. The Paris Agreement also reflects this view by noting that countries shall strengthen cooperative action on technology development and transfer regarding two main aspects: (i) promoting collaborative approaches to research and development; and (ii) facilitating access to technology to developing country Parties. <div id="references" class="h1-container"></div>
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