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The clean development mechanism (CDM) as a financial platform for North Korea's development

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  • Jiyoun Park

Abstract

This research examines the clean development mechanism (CDM) in order to overcome the limits that exist in the conventional financing methods for North Korea's development. In examining North Korea's CDM projects implemented thus far, it is found that the use of the CDM as a financing platform for North Korea's development is taking place at a very low level. However, if North Korea applies this framework effectively, it can expect additional financial inflows and technology transfer. Especially with regard to financial inflows, the diverse finances used in the implementation of CDM projects can also be adopted into North Korean CDM projects. Moreover, the adoption methods are expected to be more innovative than the conventional finance for development (FfD) methods.

Suggested Citation

  • Jiyoun Park, 2018. "The clean development mechanism (CDM) as a financial platform for North Korea's development," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 23(3), pages 496-510, July.
  • Handle: RePEc:taf:rjapxx:v:23:y:2018:i:3:p:496-510
    DOI: 10.1080/13547860.2018.1431080
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    Cited by:

    1. Alana Corsi & Fabiane Florencio Souza & Regina Negri Pagani & João Luiz Kovaleski, 2021. "Technology transfer oriented to sustainable development: proposal of a theoretical model based on barriers and opportunities," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(6), pages 5081-5112, June.

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