Macroeconomic Impacts of the Clean Development Mechanism : The Role of Investment Barriers and Regulations

  title={Macroeconomic Impacts of the Clean Development Mechanism : The Role of Investment Barriers and Regulations},
  author={Niels Anger and Christoph B{\"o}hringer and Ulf Moslener},
This 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… CONTINUE READING
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