Under the 1997 Kyoto Protocol, Clean Development
Mechanism allows developed countries to invest in
abatement opportunities in developing countries and
receive credit for the resulting emissions
reductions, thus becoming a tool for technology
transfer. In past, developing countries have
been eager to participate in technology transfer but
has often come at a cost and not in the most
beneficial way. The spirit of CDM is to support
sustainable development and encourage mutually
beneficial transfer of appropriate technologies. CDM
has potential to fund "technological leapfrogging"...