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

Author

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  • 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://hal-univ-pau.archives-ouvertes.fr/hal-01880341
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    References listed on IDEAS

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    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.
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