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The clean development mechanism and technology transfer to China

Author

Listed:
  • Daniela Marconi

    () (Banca d'Italia)

  • Francesca Sanna-Randaccio

    () (Sapienza University of Rome)

Abstract

In this study we analyse the role of the Clean Development Mechanism (CDM) established by the Kyoto Protocol in channelling foreign technology to China. The descriptive analysis investigates the sources and the determinants of foreign technology transfer based on the examination of 1,355 registered projects. As key features, we show the prominence of German firms as technology providers and the absence of a strong relationship between technology suppliers and credit buyers. We also discuss the role of leading Chinese and foreign consultants and of major credit buyers. The econometric analysis finds that project size and cost, project location, credit buyers� and consultants� characteristics, as well as technology diffusion are all relevant factors in determining the probability of having a foreign supplier of technology in the respective project.

Suggested Citation

  • Daniela Marconi & Francesca Sanna-Randaccio, 2012. "The clean development mechanism and technology transfer to China," Questioni di Economia e Finanza (Occasional Papers) 129, Bank of Italy, Economic Research and International Relations Area.
  • Handle: RePEc:bdi:opques:qef_129_12
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    File URL: http://www.bancaditalia.it/pubblicazioni/qef/2012-0129/QEF_129.pdf
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    References listed on IDEAS

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    1. Dechezleprêtre, Antoine & Glachant, Matthieu & Ménière, Yann, 2008. "The Clean Development Mechanism and the international diffusion of technologies: An empirical study," Energy Policy, Elsevier, vol. 36(4), pages 1273-1283, April.
    2. Lewis, Joanna I., 2010. "The evolving role of carbon finance in promoting renewable energy development in China," Energy Policy, Elsevier, vol. 38(6), pages 2875-2886, June.
    3. Antoine Dechezleprêtre & Matthieu Glachant & Ivan Haščič & Nick Johnstone & Yann Ménière, 2011. "Invention and Transfer of Climate Change--Mitigation Technologies: A Global Analysis," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 5(1), pages 109-130, Winter.
    4. Dechezleprêtre, Antoine & Glachant, Matthieu & Ménière, Yann, 2009. "Technology transfer by CDM projects: A comparison of Brazil, China, India and Mexico," Energy Policy, Elsevier, vol. 37(2), pages 703-711, February.
    5. Liu, Yingqi & Kokko, Ari, 2010. "Wind power in China: Policy and development challenges," Energy Policy, Elsevier, vol. 38(10), pages 5520-5529, October.
    6. Doranova, Asel & Costa, Ionara & Duysters, Geert, 2010. "Knowledge base determinants of technology sourcing in clean development mechanism projects," Energy Policy, Elsevier, vol. 38(10), pages 5550-5559, October.
    7. He, Yulin & Chen, Xinping, 2009. "Wind turbine generator systems. The supply chain in China: Status and problems," Renewable Energy, Elsevier, vol. 34(12), pages 2892-2897.
    8. Zhao, Zhen-yu & Ling, Wen-jun & Zillante, George & Zuo, Jian, 2012. "Comparative assessment of performance of foreign and local wind turbine manufacturers in China," Renewable Energy, Elsevier, vol. 39(1), pages 424-432.
    9. Schroeder, Miriam, 2009. "Utilizing the clean development mechanism for the deployment of renewable energies in China," Applied Energy, Elsevier, vol. 86(2), pages 237-242, February.
    10. Wang, Bo, 2010. "Can CDM bring technology transfer to China?--An empirical study of technology transfer in China's CDM projects," Energy Policy, Elsevier, vol. 38(5), pages 2572-2585, May.
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    Cited by:

    1. Francesca Sanna-Randaccio & Roberta Sestini & Ornella Tarola, 2014. "Unilateral Climate Policy and Foreign Direct Investment with Firm and Country Heterogeneity," Working Papers 2014.55, Fondazione Eni Enrico Mattei.
    2. Weitzel, Matthias & Liu, Wan-Hsin & Vaona, Andrea, 2013. "Determinants of technology transfer through CDM: The case of China," Kiel Working Papers 1889, Kiel Institute for the World Economy (IfW).

    More about this item

    Keywords

    technology transfer; CDM; climate change; China; FDI;

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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