Finally, when will clean technology transfer from rich countries to developing countries take place?
You see, technology is mostly owned by the private sector. The private sector will invest only if there is a market. Its a matter of creating the market that will move the technology. I dont think there are very many technologies in the public domain that governments can just give to other governments. There has to be a business case for it. Secondly, in countries like India where you have so many small and medium enterprises, you need very targeted mechanisms, almost on company to company basis, to tell people what can be done to improve energy efficiency, and then the appropriate technology can follow. The Adaptation Fund got a shot in the arm in Bali. What are your expectations from it? As you know, it relies on a levy on CDM and we have not begun to auction those emission rights as yet. There are 2,000 projects in the CDM pipeline right now. Though I expect the resources for CDM to grow, we are going to need a lot more. Where will the money come from? In the case of small and mediu
