The Clean Development Mechanism (CDM) is one of three flexible mechanisms emerging out of the Kyoto Protocol. This study aims to frame the CDM into a state-of-the-art of the literature streams on international entrepreneurship and technology transfer. We contend that the CDM is a public policy tool aimed at stimulating private sector investments in developing countries in the low-carbon sector, potentially contributing to the transfer of technologies across borders, with sustainable development benefits. Moreover, the CDM is posed as a potential mechanism for international technology transfer, and the CDMa??s reality in China is analyzed. For this purpose, a benchmarking scorecard is designed and applied to the Chinese experience with climate friendly technologies. On the basis of an empirical analysis, CDM projects are evaluated and the findings contrasted against a set of case studies outside the CDM framework. The analysis undertaken revealed that there is limited scope for the...
