IDEAS home Printed from https://ideas.repec.org/p/hal/wpcatt/hal-01880341.html
   My bibliography  Save this paper

A macroeconomic assessment of the Clean Development Mechanism (CDM) in Peru: A CGE analysis

Author

Listed:
  • Jean-Marc Montaud

    (CATT - Centre d'Analyse Théorique et de Traitement des données économiques - UPPA - Université de Pau et des Pays de l'Adour)

  • Nicolas Pecastaing

    (CATT - Centre d'Analyse Théorique et de Traitement des données économiques - UPPA - Université de Pau et des Pays de l'Adour)

Abstract

The Clean Development Mechanism (CDM) under the Kyoto Protocol constitutes a major tool in the fight against climate change; it also is an important foreign direct investment funding opportunity for southern countries. Yet few studies have focused on the economic impact of CDM on host countries. This study attempts such an assessment in Peru, using a computable general equilibrium model that accounts for both the productive and regional dualism of the national economy. The numerical simulation of macroeconomic shocks generated by current and future CDM investments reveals the significant potential impact of such projects in terms of employment, growth, and regional imbalance in this developing country.

Suggested Citation

  • Jean-Marc Montaud & Nicolas Pecastaing, 2013. "A macroeconomic assessment of the Clean Development Mechanism (CDM) in Peru: A CGE analysis," Working papers of CATT hal-01880341, HAL.
    • Handle: RePEc:hal:wpcatt:hal-01880341
    Note: View the original document on HAL open archive server: https://univ-pau.hal.science/hal-01880341v1
    as

    Download full text from publisher

    File URL: https://univ-pau.hal.science/hal-01880341v1/document
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Sandrine Mathy & Jean-Charles Hourcade & Christophe de Gouvello, 2001. "Clean development mechanism: leverage for development?," Climate Policy, Taylor & Francis Journals, vol. 1(2), pages 251-268, June.
    2. Norman Loayza, 2007. "The causes and consequences of informality in Peru," Working Papers 2007-018, Banco Central de Reserva del Perú.
    3. Olsen, Karen Holm & Fenhann, Jørgen, 2008. "Sustainable development benefits of clean development mechanism projects: A new methodology for sustainability assessment based on text analysis of the project design documents submitted for validatio," Energy Policy, Elsevier, vol. 36(8), pages 2773-2784, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jean-Marc Montaud & Nicolas Pecastaing, 2013. "A macroeconomic assessment of the Clean Development Mechanism (CDM) in Peru: A CGE analysis," Working Papers hal-01880341, HAL.
    2. Montaud, Jean-Marc & Pécastaing, Nicolas, 2015. "Clean Development Mechanism (CDM) as a funding opportunity for development: A macroeconomic CGE analysis of the Peruvian experience," Economics Discussion Papers 2015-6, Kiel Institute for the World Economy (IfW Kiel).
    3. Jean-Marc Montaud & Nicolas Pecastaing, 2013. "Does Mexico Benefit from the Clean Development Mechanism? A Macroeconomic and Environmental General Equilibrium Analysis," Working Papers hal-01880342, HAL.
    4. Selvaretnam, Geethanjali & Thampanishvong, Kannika, 2010. "Future of the Clean Development Mechanism in Tackling Climate Change," SIRE Discussion Papers 2010-35, Scottish Institute for Research in Economics (SIRE).
    5. Pécastaing, Nicolas & Dávalos, Jorge & Inga, Andy, 2018. "The effect of Peru's CDM investments on households’ welfare: An econometric approach," Energy Policy, Elsevier, vol. 123(C), pages 198-207.
    6. Parnphumeesup, Piya & Kerr, Sandy A., 2011. "Stakeholder preferences towards the sustainable development of CDM projects: Lessons from biomass (rice husk) CDM project in Thailand," Energy Policy, Elsevier, vol. 39(6), pages 3591-3601, June.
    7. Watts, David & Albornoz, Constanza & Watson, Andrea, 2015. "Clean Development Mechanism (CDM) after the first commitment period: Assessment of the world׳s portfolio and the role of Latin America," Renewable and Sustainable Energy Reviews, Elsevier, vol. 41(C), pages 1176-1189.
    8. Francisco B. Galarza & Fernando Requejo, 2019. "Reducing Informality Using Two-Sided Incentives: Theory and Experiment," Working Papers 149, Peruvian Economic Association.
    9. David Grover & Swaroop Rao, 2020. "Inequality, unemployment, and poverty impacts of mitigation investment: evidence from the CDM in Brazil and implications for a post-2020 mechanism," Climate Policy, Taylor & Francis Journals, vol. 20(5), pages 609-625, May.
    10. Nhan Thanh Nguyen & Minh Ha-Duong & Sandra Greiner & Michael Mehling, 2011. "Implementing the Clean Development Mechanism in Vietnam: potential and limitations," Post-Print halshs-00654294, HAL.
    11. Naeem Ashraf & Alireza Ahmadsimab & Jonatan Pinkse, 2017. "From Animosity to Affinity: The Interplay of Competing Logics and Interdependence in Cross-Sector Partnerships," Journal of Management Studies, Wiley Blackwell, vol. 54(6), pages 793-822, September.
    12. Leal Ordóñez, Julio C., 2010. "Informal sector, productivity, and tax collection," MPRA Paper 26058, University Library of Munich, Germany, revised Oct 2010.
    13. Mori-Clement, Yadira, 2019. "Impacts of CDM projects on sustainable development: Improving living standards across Brazilian municipalities?," World Development, Elsevier, vol. 113(C), pages 222-236.
    14. Yadira Mori Clement & Birgit Bednar-Friedl, 2017. "Do Clean Development Mechanism projects generate local employment? Testing for sectoral effects across Brazilian municipalities," Graz Economics Papers 2017-05, University of Graz, Department of Economics.
    15. Karakosta, Charikleia & Psarras, John, 2013. "Understanding CDM potential in the Mediterranean basin: A country assessment of Egypt and Morocco," Energy Policy, Elsevier, vol. 60(C), pages 827-839.
    16. Sandrine Mathy, 2004. "Comment intégrer les pays en développement dans des politiques climatiques fondées sur un système de quotas d'émissions ?," Revue Tiers Monde, Programme National Persée, vol. 45(177), pages 85-106.
    17. Karen Holm Olsen & Fatemeh Bakhtiari & Virender Kumar Duggal & Jørge Villy Fenhann, 2019. "Sustainability labelling as a tool for reporting the sustainable development impacts of climate actions relevant to Article 6 of the Paris Agreement," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 19(2), pages 225-251, April.
    18. Lema, Adrian & Lema, Rasmus, 2016. "Low-carbon innovation and technology transfer in latecomer countries: Insights from solar PV in the clean development mechanism," Technological Forecasting and Social Change, Elsevier, vol. 104(C), pages 223-236.
    19. Carlos Andrés Vergara Tamayo & Diana Carolina Ortiz Motta, 2016. "Contribución al desarrollo sostenible local de los proyectos MDL en el sector de generación eléctrica por biomasa: caso INCAUCA S.A," Revista Facultad de Ciencias Económicas, Universidad Militar Nueva Granada, vol. 24(2), pages 161-182, October.
    20. Anderson, Brilé & Bernauer, Thomas, 2016. "How much carbon offsetting and where? Implications of efficiency, effectiveness, and ethicality considerations for public opinion formation," Energy Policy, Elsevier, vol. 94(C), pages 387-395.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:wpcatt:hal-01880341. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CATT - UPPA - Université de Pau et des Pays de l'Adour (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.