Arbeitspapier
Clean-Development Investments: An Incentive-Compatible CGE Modelling Framework
The Clean Development Mechanism (CDM) established under the Kyoto Protocol allows industrialized Annex I countries to offset part of their domestic emissions by investing in emissionsreduction projects in developing non-Annex I countries. We present a novel CDM modelling framework which can be used in computable general equilibrium (CGE) models to quantify the sector-specific and macroeconomic impacts of CDM investments. Compared to conventional approaches that mimic the CDM as sectoral emissions trading, our framework adopts a microeconomically consistent representation of the CDM incentive structure and its investment characteristics. In our empirical application we show that incentive compatibility implies that the sectors implementing CDM projects do not suffer, and that overall cost savings from the CDM tend to be lower than suggested by conventional modelling approaches.
- Sprache
-
Englisch
- Erschienen in
-
Series: Oldenburg Discussion Papers in Economics ; No. V-354-13
- Klassifikation
-
Wirtschaft
Computable General Equilibrium Models
Environmental Economics: Government Policy
- Thema
-
Clean Development Mechanism
Computable General Equilibrium Modeling
Clean Development Mechanism
Umweltschutzinvestition
Ökonomischer Anreiz
Allgemeines Gleichgewicht
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Böhringer, Christoph
Rutherford, Thomas F.
Springmann, Marco
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Oldenburg, Department of Economics
- (wo)
-
Oldenburg
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Böhringer, Christoph
- Rutherford, Thomas F.
- Springmann, Marco
- University of Oldenburg, Department of Economics
Entstanden
- 2013
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