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dc.contributor.authorKuosmanen, Timoen_US
dc.contributor.authorVöhringer, Franken_US
dc.contributor.authorDellink, Rob B.en_US
dc.date.accessioned2009-01-28T15:56:41Z-
dc.date.available2009-01-28T15:56:41Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/19234-
dc.description.abstractEconomic models suggest that in many cases, market leakage rates of greenhouse gas abatement reach the two-digit percentage range. Consequently, the Marrakesh Accords require Clean Development Mechanism (CDM) projects to account for leakage. Despite this, most project proponents neglect market leakage for their project, because the influence of an individual project on market prices seems to be negligible. Insufficient leakage accounting is facilitated by a lack of theories and applicable proposals regarding the quantification and attribution of leakage effects. The aim of this paper is to develop a proposal for the attribution of market leakage effects to CDM projects. To this purpose, we identify the transmission mechanisms for CDM project leakage, investigate the current practice of leakage accounting, and analyse alternative attribution methods for leakage effects that are transmitted through price changes. We find that project-specific approaches must fail to take account of such leakage effects. Consequently, we propose to estimate aggregate market leakage effects and attribute them proportionally to individual projects. Our proposal is based on commodity-specific leakage factors which can be applied by project developers to any emission reductions that are associated with a project?s leakage-relevant demand or supply changes. The proposal is conservative, equitable, incentive compatible and applicable at manageable costs.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesHWWA Discussion Paper 262en_US
dc.subject.jelD62en_US
dc.subject.jelF18en_US
dc.subject.jelQ41en_US
dc.subject.jelQ25en_US
dc.subject.ddc330en_US
dc.subject.keywordClimate policyen_US
dc.subject.keywordClean Development Mechanismen_US
dc.subject.keywordmarket leakageen_US
dc.subject.keywordleakage accountingen_US
dc.subject.keywordsharing rulesen_US
dc.subject.stwKohlendioxiden_US
dc.subject.stwLuftverunreinigungen_US
dc.subject.stwClean Development Mechanismen_US
dc.subject.stwUmweltökonomiken_US
dc.subject.stwTheorieen_US
dc.subject.stwWelten_US
dc.titleA Proposal for the Attribution of Market Leakage to CDM Projectsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn379943905en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:hwwadp:262-
Appears in Collections:HWWA Discussion Paper, Hamburgisches Welt-Wirtschafts-Archiv

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