Journal of Business and Management Sciences
ISSN (Print): 2333-4495 ISSN (Online): 2333-4533 Website: Editor-in-chief: Heap-Yih Chong
Open Access
Journal Browser
Journal of Business and Management Sciences. 2018, 6(2), 36-42
DOI: 10.12691/jbms-6-2-2
Open AccessArticle

Influencing Factors of CDM’s Performances in Efficiency Improvement of Low-carbon Technology Innovation in China

Kun LUO1, and Rendao YE2

1Alibaba Business College, Hangzhou Normal University, Hangzhou, China

2College of Economics, Hangzhou Dianzi University, Hangzhou, China

Pub. Date: April 16, 2018

Cite this paper:
Kun LUO and Rendao YE. Influencing Factors of CDM’s Performances in Efficiency Improvement of Low-carbon Technology Innovation in China. Journal of Business and Management Sciences. 2018; 6(2):36-42. doi: 10.12691/jbms-6-2-2


We firstly look into the current status of CDM practices and low-carbon technology innovation efficiency in China. Then several influencing factors of CDM’s performances in efficiency improvement are put forward, and further verified in our empirical analysis. Using a logit model, we find that project number, scale and type, CER issuance and success rate, CER price and returns to investments, as well as economic development of host regions, have significant impacts on the probability of efficiency improvement. Impacts of these factors on the rate of efficiency improvement are also estimated.

Clean Development Mechanism (CDM) low-carbon technology innovation efficiency improvement influencing factors logit model

Creative CommonsThis work is licensed under a Creative Commons Attribution 4.0 International License. To view a copy of this license, visit


[1]  Luo, K., Ye, R.D. Measuring Zhejiang Enterprises Low-carbon Technology Innovation Efficiency: a DEA approach. ICESD2015 (2015 International Conference on Education and Social Development), Nanjing, 2015.
[2]  Schneider, M., et al. “Understanding CDM’s contribution to technology transfer”, Energy Policy, 2008, 36: 2930-2938.
[3]  Popp, D. “International technology transfer, climate change, and the Clean Development Mechanism”, Review of Environmental Economics and Policy, 2011, 5(1): 131-152.
[4]  Teng, F., et al. “CDM practice in China: current status and possibilities for future regime”, Energy, 2010, 35(11): 4328-4335.
[5]  Luo, K., Ren-Dao Ye, R.D. “The Efficiency Improvement in Low-carbon Technology Innovation of Chinese Enterprises under CDM: an Empirical Study based on DEA Assessments”, Journal of Finance and Economics, 2017, 5(6): 310-315.
[6]  Haites, E., et al. “Technology transfer by CDM projects”, Climate Policy, 2006, 6: 327-344.
[7]  Pan, J.H. Transaction costs for undertaking CDM projects. Institute of World Economics and Politics, 2009.
[8]  Seres, S., et al. “Analysis of technology transfer in CDM projects”, Energy Policy, 2009, 37: 4919-4926.
[9]  Dechezlepretre A, et al. “Technology transfer by CDM projects: a comparison of Brazil, China, India and Mexico”, Energy Policy, 2009, 37: 703-711.
[10]  Shin, S. “The domestic side of CDM: the case of China”, Environmental Politics, 2010, 19(2): 237-254.
[11]  Wang, B. “Can CDM bring technology transfer to China? An empirical study of technology transfer in China’s CDM projects”, Energy Policy, 2010, 38: 2572-2585.
[12]  Thomas, S., et al. “The drivers and outcomes of the Clean Development Mechanism in China”, Environmental Policy and Governance, 2011, 21(4): 223-239.