With 197 parties, the United Nations Framework Convention on Climate Change (UNFCCC) has near universal membership and is the parent treaty of the 1997 Kyoto Protocol. The Kyoto Protocol has been ratified by 192 of the UNFCCC Parties. The ultimate objective of both treaties is to stabilize greenhouse gas concentrations in the atmosphere at a level that will prevent dangerous human interference with the climate system. To achieve UNFCCC objective, climate technologies must play key role. The Convention states that all countries shall promote and cooperate in development and transfer of technologies that reduce greenhouse gas emissions. Furthermore, developed countries shall take all practicable steps to promote, facilitate and finance transfer of, or access to, climate technologies to developing countries.