Vöhringer, Frank; Kuosmanen, Timo; Dellink, Rob - In: Climate Policy 5 (2005) 5, pp. 503-516
Economic studies suggest that market leakage rates of greenhouse gas abatement can reach the two-digit percentage range. Although the Marrakesh Accords require Clean Development Mechanism (CDM) projects to account for leakage, most projects neglect market leakage. Insufficient leakage accounting...