This paper presents the first comprehensive, model-based impact analysis of the German environmental fiscal reform, addressing the effects on CO2 emissions, economic growth, employment, and personal income distribution. Both an econometric input-output model and a dynamic computable general equilibrium model are applied in order to enhance the credibility of our results. The macroeconomic results are ...
A major concern about land use, land-use change and forestry (LULUCF) projects under the Clean Development Mechanism (CDM) is the potential for leakage. Leakage refers to a net increase of greenhouse-gas emissions in an area outside the project resulting from the CDM activity. This paper provides an overview of leakage, its definitions and its causes. It describes ways that LULUCF projects may suffer ...