The world does not lack innovative environmental technologies which help cut greenhouse gas emissions, but is short of an effective mechanism supporting distribution and common sharing.

Xie Zhenhua, vice chairman of the China National Development and Reform Commission, made the observation in Chiba, Japan, yesterday at an international meeting.

Developing countries are in need of and want to use new technologies in their greenhouse-gas-reduction efforts, but do not have enough capital to buy them for their contribution to the anti-global-warming campaign, Xie said in his speech at the fourth ministerial meeting of the Gleneagles Dialogue on Climate Change, Clean Energy and Sustainable Development.

China supports the proposal of establishing the Multilateral Technology Access Fund which could bring more climate-friendly technologies into the box of "public goods," he said.

"Only by doing so, can the cost of technology transfer be cut down so that developing countries can afford and apply advanced technologies."

He welcomed developed nations' willingness to provide capital to help developing nations' participation in environment-related global cooperation. Xie called on developed nations to allocate at least 0.5 percent of their annual GDP to help distribute key technologies.

The forum to talk about a post-Kyoto framework for better tackling global climate change, is the first in a series of ministerial meetings in the run-up to the Group of Eight summit in Hokkaido Prefecture in July.

(Xinhua News Agency March 16, 2008)