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dc.contributor.authorAnger, Nielsen
dc.contributor.authorBöhringer, Christophen
dc.contributor.authorMoslener, Ulfen
dc.date.accessioned2009-02-16T14:57:44Z-
dc.date.available2009-02-16T14:57:44Z-
dc.date.issued2007-
dc.identifier.urihttp://hdl.handle.net/10419/24586-
dc.description.abstractThis paper quantifies the macroeconomic impacts of the Clean Development Mechanism (CDM) under the Kyoto Protocol based on a computable general equilibrium (CGE) model of international trade and energy use. Employing project-based CDM supply data we assess the relative importance of transaction costs and investment risks as well as CDM regulations through supplementarity and additionality criteria. Our numerical results show that the macroeconomic impacts of transaction costs and investment risks are negligible: Given the large supply of cheap project-based emissions credits in developing countries, compliance to the Kyoto Protocol can be achieved at a very low cost. However, regulatory restrictions such as a supplementarity criterion can substantially curtail the potential efficiency gains from where-flexibility in climate policy.en
dc.language.isoengen
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheimen
dc.relation.ispartofseries|aZEW Discussion Papers |x07-026en
dc.subject.jelC68en
dc.subject.jelQ58en
dc.subject.jelQ56en
dc.subject.jelD61en
dc.subject.ddc330en
dc.subject.keywordKyoto Protocolen
dc.subject.keywordEmissions Tradingen
dc.subject.keywordClean Development Mechanismen
dc.subject.keywordComputable General Equilibriumen
dc.titleMacroeconomic Impacts of the Clean Development Mechanism: The Role of Investment Barriers and Regulations-
dc.typeWorking Paperen
dc.identifier.ppn529240335en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:zewdip:5589en

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