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"...
Under the 1997 Kyoto Protocol, Clean Development Mechanism allows developed countries to invest in abatement opportunities in developing cou...