Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/19234 
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dc.contributor.authorKuosmanen, Timoen
dc.contributor.authorVöhringer, Franken
dc.contributor.authorDellink, Rob B.en
dc.date.accessioned2009-01-28T15:56:41Z-
dc.date.available2009-01-28T15:56:41Z-
dc.date.issued2004-
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
dc.language.isoengen
dc.publisher|aHamburg Institute of International Economics (HWWA) |cHamburgen
dc.relation.ispartofseries|aHWWA Discussion Paper |x262en
dc.subject.jelD62en
dc.subject.jelF18en
dc.subject.jelQ41en
dc.subject.jelQ25en
dc.subject.ddc330en
dc.subject.keywordClimate policyen
dc.subject.keywordClean Development Mechanismen
dc.subject.keywordmarket leakageen
dc.subject.keywordleakage accountingen
dc.subject.keywordsharing rulesen
dc.subject.stwKohlendioxiden
dc.subject.stwLuftverunreinigungen
dc.subject.stwClean Development Mechanismen
dc.subject.stwUmweltökonomiken
dc.subject.stwTheorieen
dc.subject.stwWelten
dc.titleA Proposal for the Attribution of Market Leakage to CDM Projects-
dc.typeWorking Paperen
dc.identifier.ppn379943905en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:hwwadp:262en

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