This study employs an original survey-based dataset to explore technology transfer in CDM projects. The findings suggest that about two-thirds of the CDM projects involve a medium to very high extent of technology transfer. The econometric analysis distinguishes between knowledge and equipment...

Under the Kyoto Protocol, Clean Development Mechanism (CDM) is expected to facilitate the North-South knowledge spillovers for climate-friendly technologies. This paper examines the effects of this voluntary international climate cooperation on firm innovation and knowledge spillovers through...