Abstract
This paper investigates the mechanism of international technology cooperation and its effect on the timing and cost of global climate mitigation. I firstly present a simple analytical framework that describes how international RD (2) Enhanced R&D investments under international technology cooperation facilitate accumulation of productive knowledge assets, creating higher potential of economic growth and carbon savings in all participating countries (3) International technology-oriented agreements in the form of multilateral R&D coordination can synergize with conventional emission-based climate agreements to help achieve more environmental benefits (carbon savings) as well as lower the economic costs of emission control policies. By doing that, participation incentives of the major carbon emitters can be encouraged with an improved effectiveness of their collective efforts in global climate mitigation.
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