Subglobal climate-change actions and carbon leakage : the implication of international capital flows

The climate-change agreement negotiated in Kyoto obliges the OECD countries to initiate the international effort of abating the anthropogenic greenhouse gas emissions. In the event that such an initiative is taken, the associated competitive pressures may induce Ž significant offsetting increases in non-OECD emissions a process generally known as . leakage… CONTINUE READING