ANALYSIS OF LOW-CARBON TECHNOLOGY TRANSFER BY CDM:AN EMPIRICAL STUDY FROM CHINA
通过Logit模型两步实证，研究中国CDM项目中低碳技术转移的影响因素，发现CER收入是核心驱动力，项目规模、价格、买方类型、政府收费等因素通过CER收入间接影响技术转移，碳交易商、研究机构等可促进转移，而金融机构操纵价格或项目位于欠发达地区则会阻碍转移。
Low-carbon technology transfer(TT) by CDM is most important to Chinese enterprises' technological progress and China's mission of energy-saving and emission-reduction.Based on a two-step empirical study via Logit Model,this paper investigates the influencing factors of TT in China's CDM projects and their mechanisms.It is found that the ultimate driving forces for TT lie in CER revenues,through which TT can be further influenced by other factors including project size,CER prices and their formation mechanism,type of buyers and their market power,as well as fees imposed on CER revenues by the Chinese government.It is also found that TT can be facilitated with consultation provided by carbon traders,research institutes or government departments.In addition,CER traders can promote TT by virtue of specialization in CDM or efficiency in allocation of resources.To the contrary,TT can be significantly retarded if financial institutes acting as traders manipulate CER prices,or if a project is located in least developed regions where a new type of market failure arises from enterprises' pure pursuit for short-term interests.Furthermore,odds of TT can be reduced with the accumulation of existing similar projects.Finally,this paper proposes suggestions on countermeasures.