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Technology transfer (TT) is the process by which skills, methods, research or ideas and physical technologies are transferred from one place to another. Shifting an industrially advanced concept from one place to another can allow a developing country to forgo the costs of full scale development of that technology. In the context of climate change this is usually energy-efficient or low emission technologies or processes developed from the industrialised world passed to the developing world. 

 
United Nations Framework Convention for Climate Change (UNFCCC)
The importance of TT was highlighted with the UNFCCC’s identification of the need for developing countries to get assistance with regard to mitigating the effects of climate change; without assistance for the developing world it is implausible that any global emission target can be reached. Industrialised countries have both the resources (in terms of infrastructure and finances) and stock of skills to better develop these technologies and, in the interests of addressing climate change, Developing nations need direct access to this. This has lead the UNFCCC to make Technology Transfer a central proponent for action in combating climate change; in order for better participation of developing nations effective low or no cost technologies must be successfully transferred.
 
Technology Transfer was one of four key proponents discussed at The Bali convention in 2007. The general theme of much of this is the need for cooperation between countries in all aspects of TT, the need for the quick creation/adoption/implementation, the need for low cost solutions, and the need for sector specific breakdown and identification of priority sectors.