Technology transfers in the Clean Development Mechanism: an incentives issue

K. Millock (1)

1 CIRED - Centre international de recherche sur l'environnement et le développement

The Clean Development Mechanism (CDM) offers abatement cost savings under the Kyoto Protocol by allowing credits for emission reductions obtained 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.

Domaines: Sciences de l'Homme et Société; Economies et finances; Sciences de l'environnement; Environnement et Société

K. Millock. Technology transfers in the Clean Development Mechanism: an incentives issue. Environment and Development Economics, 2002, 7, pp.449. ⟨10.1017/S1355770X0200027X⟩. ⟨hal-00716425⟩