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The basic concept of Clean Development Mechanism (CDM) is that both the developed and developing countries benefit from this mechanism. Contributing two objectives; sustainable development to developing countries and emission reduction credit to developed countries, CDM is also expected to...
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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...
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