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Development challenges under the Clean Development Mechanism (CDM)--Can renewable energy initiatives be put in place before peak oil?

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  • Lloyd, Bob
  • Subbarao, Srikanth
Abstract
The "Sustainable Development" aspect of the Clean Development Mechanism (CDM) under the Kyoto Protocol is examined, with regard to its current impact on crucial developmental issues. The paper discusses the immediate and urgent global concerns of developmental needs, energy and climate change, whilst highlighting their influence on the poor in the developing world. The global responses to address the above concerns in terms of renewable energy technologies, policies and strategies that can be instrumental in addressing the issues are discussed, with main emphasis on the CDM under the Kyoto Protocol. The critical issue of whether the CDM can address poverty alleviation and sustainable development in developing countries is discussed in the context of existing market principles, transparency of the mechanism, economics and the daunting bureaucratic procedures involved. The paper concludes that the CDM, if suitably modified, can go some way to address sustainable development and alleviate poverty for poor rural areas and not increase emissions by a focus on renewable energy technologies. This result can be achieved as the energy consumption of rural sectors is currently so small relative to developed economies that only small additional renewable energy generation capacities are needed to make a measurable difference.

Suggested Citation

  • Lloyd, Bob & Subbarao, Srikanth, 2009. "Development challenges under the Clean Development Mechanism (CDM)--Can renewable energy initiatives be put in place before peak oil?," Energy Policy, Elsevier, vol. 37(1), pages 237-245, January.
    • Handle: RePEc:eee:enepol:v:37:y:2009:i:1:p:237-245
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    References listed on IDEAS

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    Cited by:

    1. Subbarao, Srikanth & Lloyd, Bob, 2011. "Can the Clean Development Mechanism (CDM) deliver?," Energy Policy, Elsevier, vol. 39(3), pages 1600-1611, March.
    2. Rahman, Farahiyah Abdul & Aziz, Md Maniruzzaman A. & Saidur, R. & Bakar, Wan Azelee Wan Abu & Hainin, M.R & Putrajaya, Ramadhansyah & Hassan, Norhidayah Abdul, 2017. "Pollution to solution: Capture and sequestration of carbon dioxide (CO2) and its utilization as a renewable energy source for a sustainable future," Renewable and Sustainable Energy Reviews, Elsevier, vol. 71(C), pages 112-126.
    3. Herbes, Carsten & Friege, Christian & Baldo, Davide & Mueller, Kai-Markus, 2015. "Willingness to pay lip service? Applying a neuroscience-based method to WTP for green electricity," Energy Policy, Elsevier, vol. 87(C), pages 562-572.
    4. Theresa Stahlke, 2020. "The impact of the Clean Development Mechanism on developing countries’ commitment to mitigate climate change and its implications for the future," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 25(1), pages 107-125, January.
    5. Zografakis, Nikolaos & Sifaki, Elli & Pagalou, Maria & Nikitaki, Georgia & Psarakis, Vasilios & Tsagarakis, Konstantinos P., 2010. "Assessment of public acceptance and willingness to pay for renewable energy sources in Crete," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(3), pages 1088-1095, April.
    6. Jinshan Zhu & Hui Yao & Yingkai Tang & Liyong Wang, 2015. "An econometric analysis of sub-national Clean Development Mechanism performance in China," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 20(7), pages 1137-1153, October.
    7. Gulser YAVUZ & Celil CAKICI, 2014. "Mersin’in XVII. Akdeniz Oyunlarý’ndan Beklentileri Üzerine Bir Araþtýrma," Isletme ve Iktisat Calismalari Dergisi, Econjournals, vol. 2(1), pages 11-26.
    8. Keron Niles & Bob Lloyd, 2014. "Using power sector reform as an opportunity to increase the uptake of renewable energy in the power sector: Responding to peak oil and climate change in Caribbean and Pacific small island developing S," Natural Resources Forum, Blackwell Publishing, vol. 38(1), pages 14-26, February.
    9. Howden-Chapman, Philippa & Viggers, Helen & Chapman, Ralph & O’Sullivan, Kimberley & Telfar Barnard, Lucy & Lloyd, Bob, 2012. "Tackling cold housing and fuel poverty in New Zealand: A review of policies, research, and health impacts," Energy Policy, Elsevier, vol. 49(C), pages 134-142.
    10. Nautiyal, Himanshu & Varun,, 2012. "Progress in renewable energy under clean development mechanism in India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(5), pages 2913-2919.
    11. Lloyd, Bob & Forest, Andrew S., 2010. "The transition to renewables: Can PV provide an answer to the peak oil and climate change challenges?," Energy Policy, Elsevier, vol. 38(11), pages 7378-7394, November.
    12. 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.
    13. Lin, Tyrone T. & Huang, Shio-Ling, 2011. "Application of the modified Tobin's q to an uncertain energy-saving project with the real options concept," Energy Policy, Elsevier, vol. 39(1), pages 408-420, January.
    14. Arango, Santiago & Larsen, Erik R., 2010. "The environmental paradox in generation: How South America is gradually becoming more dependent on thermal generation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(9), pages 2956-2965, December.
    15. Lee, Zhi Hua & Sethupathi, Sumathi & Lee, Keat Teong & Bhatia, Subhash & Mohamed, Abdul Rahman, 2013. "An overview on global warming in Southeast Asia: CO2 emission status, efforts done, and barriers," Renewable and Sustainable Energy Reviews, Elsevier, vol. 28(C), pages 71-81.
    16. Mandaloufas, Melissa & Lamas, Wendell de Queiroz & Brown, Scott & Irizarry Quintero, Anamari, 2015. "Energy balance analysis of the Brazilian alcohol for flex fuel production," Renewable and Sustainable Energy Reviews, Elsevier, vol. 43(C), pages 403-414.
    17. Gopal, C. & Mohanraj, M. & Chandramohan, P. & Chandrasekar, P., 2013. "Renewable energy source water pumping systems—A literature review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 25(C), pages 351-370.
    18. Wang, Can & Zhang, Weishi & Cai, Wenjia & Xie, Xi, 2013. "Employment impacts of CDM projects in China's power sector," Energy Policy, Elsevier, vol. 59(C), pages 481-491.
    19. Dale, Michael & Krumdieck, Susan & Bodger, Pat, 2011. "Net energy yield from production of conventional oil," Energy Policy, Elsevier, vol. 39(11), pages 7095-7102.
    20. Lin, Tyrone T. & Huang, Shio-Ling, 2010. "An entry and exit model on the energy-saving investment strategy with real options," Energy Policy, Elsevier, vol. 38(2), pages 794-802, February.

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