Climate change has recently become a hot topic of debate for academia, politics and business due to its serious impacts on environmental, socio-economic conditions and human well-being. Reducing CO2 emissions as a way to mitigate climate change has been a focus since the Kyoto Protocol came into effect. Most of the efforts, however, have been for the Clean Development Mechanism (CDM), and green energy development and technology transfers have emerged to take the leading roles in recent years.
The two biggest CO2 emitters, China and India (after China and USA), have made progress to maintain their leading role in developing and transferring green energy. This study aims to analyses green energy development and technology transfers in these two countries, and makes conclusions on some experiences for other developing countries to consider as they shift to low carbon societies. The study shows that besides good policy, market-based instruments and management skills, the development of green energy requires scientific and international cooperation and green technology transfers. Technology transfers can be implemented through bilateral agreements, international commitments and market-based mechanisms.