Kuosmanen, Timo; Vöhringer, Frank; Dellink, Rob B. - HWWA Institut für Wirtschaftsforschung - 2004
Economic 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...
