Article
Technology Transfers in the Clean Development Mechanism
Environment and Development Economics
(2002)
Abstract
The Clean Development Mechanism (CDM) offers abatement savings under the Kyoto Protocol by allowing credits for emission reductions in signatory developing countries. The paper argues that technology transfers can improve incentives for cost-effective emission reductions under bilateral CDM contracts when there is asymmetric information between the investor and the host party.
Keywords
- global climate change,
- the Clean Development Mechanism,
- technology transfer,
- asymmetric information,
- optimal incentives
Disciplines
Publication Date
2002
Citation Information
Katrin Millock. "Technology Transfers in the Clean Development Mechanism" Environment and Development Economics Vol. 7 (2002) p. 449 - 466 Available at: http://works.bepress.com/millock/2/