[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/eee/rensus/v11y2007i7p1361-1387.html
   My bibliography  Save this article

Encouraging the implementation of small renewable electricity CDM projects: An economic analysis of different options

Author

Listed:
  • Del Río, Pablo
Abstract
Apart from contributing to the mitigation of GHG emissions, the deployment of renewable electricity Clean Development Mechanism projects (RE-CDM) may provide substantial local economic, social and environmental sustainability benefits to host countries. However, in spite of these advantages, a wide array of barriers prevents the realisation of these projects. They compete with other CDM options which lead to cheaper GHG emissions reductions but which do not provide as much opportunities for sustainable development in developing countries. Taking into account that, in contrast to GHG benefits, sustainability benefits are not valued in the market place and that article 12 of the Kyoto Protocol envisages two objectives for the CDM (cost-effective emissions reductions and contribution to sustainability), this market mechanism might be leading to a "market failure" in RE-CDM projects. This paper explores the different barriers affecting the implementation of RE-CDM projects and proposes and analyses several policies and measures that could be implemented to encourage their deployment by tackling those obstacles.

Suggested Citation

  • Del Río, Pablo, 2007. "Encouraging the implementation of small renewable electricity CDM projects: An economic analysis of different options," Renewable and Sustainable Energy Reviews, Elsevier, vol. 11(7), pages 1361-1387, September.
    • Handle: RePEc:eee:rensus:v:11:y:2007:i:7:p:1361-1387
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1364-0321(06)00018-9
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Kartha, Sivan & Lazarus, Michael & Bosi, Martina, 2004. "Baseline recommendations for greenhouse gas mitigation projects in the electric power sector," Energy Policy, Elsevier, vol. 32(4), pages 545-566, March.
    2. Yuvaraj Dinesh Babu, N. & Michaelowa, Axel, 2003. "Removing barriers for renewable energy CDM projects in India and building capacity at the state level," HWWA Reports 237, Hamburg Institute of International Economics (HWWA).
    3. del Rio Gonzalez, Pablo & Hernandez, Felix & Gual, Miguel, 2005. "The implications of the Kyoto project mechanisms for the deployment of renewable electricity in Europe," Energy Policy, Elsevier, vol. 33(15), pages 2010-2022, October.
    4. Stephen Bernow & Sivan Kartha & Michael Lazarus & Tom Page, 2001. "Cleaner generation, free-riders, and environmental integrity: clean development mechanism and the power sector," Climate Policy, Taylor & Francis Journals, vol. 1(2), pages 229-249, June.
    5. Babu, N. Yuvaraj Dinesh & Michaelowa, Axel, 2003. "Removing Barriers for Renewable Energy CDM Projects in India and Building Capacity at the State Level," Report Series 26060, Hamburg Institute of International Economics.
    6. Duic, N. & Alves, L. M. & Chen, F. & da Graça Carvalho, M., 2003. "Potential of Kyoto Protocol Clean Development Mechanism in transfer of clean energy technologies to Small Island Developing States: case study of Cape Verde," Renewable and Sustainable Energy Reviews, Elsevier, vol. 7(1), pages 83-98, February.
    7. Axel Michaelowa, 2003. "CDM host country institution building," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 8(3), pages 201-220, September.
    8. Michaelowa, Axel & Jotzo, Frank, 2005. "Transaction costs, institutional rigidities and the size of the clean development mechanism," Energy Policy, Elsevier, vol. 33(4), pages 511-523, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nedergaard, Peter, 2011. "The political economy of the clean development mechanism (CDM) governance system," MPRA Paper 33095, University Library of Munich, Germany.
    2. Ellen De Schepper & Sebastien Lizin & Bart Durlinger & Hossein Azadi & Steven Van Passel, 2015. "Economic and Environmental Performances of Small-Scale Rural PV Solar Projects under the Clean Development Mechanism: The Case of Cambodia," Energies, MDPI, vol. 8(9), pages 1-23, September.
    3. 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.
    4. Blenkinsopp, T. & Coles, S.R & Kirwan, K., 2013. "Renewable energy for rural communities in Maharashtra, India," Energy Policy, Elsevier, vol. 60(C), pages 192-199.
    5. Karakosta, Charikleia & Doukas, Haris & Psarras, John, 2009. "Sustainable energy technologies in Israel under the CDM: Needs and prospects," Renewable Energy, Elsevier, vol. 34(5), pages 1399-1406.
    6. 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.
    7. Yadoo, Annabel & Cruickshank, Heather, 2012. "The role for low carbon electrification technologies in poverty reduction and climate change strategies: A focus on renewable energy mini-grids with case studies in Nepal, Peru and Kenya," Energy Policy, Elsevier, vol. 42(C), pages 591-602.

    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. Emma Paulsson, 2009. "A review of the CDM literature: from fine-tuning to critical scrutiny?," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 9(1), pages 63-80, February.
    2. Joyeeta Gupta & Harro van Asselt & Onno Kuik & Chris Evans, 2007. "Exogenous Promotion of Sustainable Electricity Policies in India: Opportunities and Challenges," Energy & Environment, , vol. 18(3-4), pages 403-420, July.
    3. Sharma, Sudhir & Shrestha, Ram M., 2006. "Baseline for electricity sector CDM projects: Simplifying estimation of operating margin emission factor," Energy Policy, Elsevier, vol. 34(18), pages 4093-4102, December.
    4. Blenkinsopp, T. & Coles, S.R & Kirwan, K., 2013. "Renewable energy for rural communities in Maharashtra, India," Energy Policy, Elsevier, vol. 60(C), pages 192-199.
    5. Hultman, Nathan E. & Pulver, Simone & Guimarães, Leticia & Deshmukh, Ranjit & Kane, Jennifer, 2012. "Carbon market risks and rewards: Firm perceptions of CDM investment decisions in Brazil and India," Energy Policy, Elsevier, vol. 40(C), pages 90-102.
    6. Doukas, Haris & Karakosta, Charikleia & Psarras, John, 2009. "RES technology transfer within the new climate regime: A "helicopter" view under the CDM," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(5), pages 1138-1143, June.
    7. Matthew S. Winters & Matthew Cawvey, 2015. "Governance Obstacles to Geothermal Energy Development in Indonesia," Journal of Current Southeast Asian Affairs, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 34(1), pages 27-56.
    8. Purohit, Pallav & Michaelowa, Axel, 2007. "CDM potential of bagasse cogeneration in India," Energy Policy, Elsevier, vol. 35(10), pages 4779-4798, October.
    9. Muller, Adrian, 2007. "How to make the clean development mechanism sustainable--The potential of rent extraction," Energy Policy, Elsevier, vol. 35(6), pages 3203-3212, June.
    10. Maung Aung Myoe, 2015. "Myanmar’s China Policy since 2011: Determinants and Directions," Journal of Current Southeast Asian Affairs, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 34(2), pages 21-54.
    11. Stua, Michele, 2013. "Evidence of the clean development mechanism impact on the Chinese electric power system's low-carbon transition," Energy Policy, Elsevier, vol. 62(C), pages 1309-1319.
    12. Stankeviciute, Loreta & Kitous, Alban & Criqui, Patrick, 2008. "The fundamentals of the future international emissions trading system," Energy Policy, Elsevier, vol. 36(11), pages 4272-4286, November.
    13. Ortega, Margarita & del Río, Pablo & Montero, Eduardo A., 2013. "Assessing the benefits and costs of renewable electricity. The Spanish case," Renewable and Sustainable Energy Reviews, Elsevier, vol. 27(C), pages 294-304.
    14. U. Kalpagam & Karimullah, 2007. "India's Business Prospects in the Global Emissions Market," Global Business Review, International Management Institute, vol. 8(2), pages 237-250, December.
    15. Moreno, Blanca & López, Ana Jesús, 2008. "The effect of renewable energy on employment. The case of Asturias (Spain)," Renewable and Sustainable Energy Reviews, Elsevier, vol. 12(3), pages 732-751, April.
    16. 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.
    17. Cowan, Kelly R. & Daim, Tugrul U., 2011. "Review of technology acquisition and adoption research in the energy sector," Technology in Society, Elsevier, vol. 33(3), pages 183-199.
    18. Axel Michaelowa & Katharina Michaelowa, 2011. "Climate business for poverty reduction? The role of the World Bank," The Review of International Organizations, Springer, vol. 6(3), pages 259-286, September.
    19. van Alphen, Klaas & Hekkert, Marko P. & van Sark, Wilfried G.J.H.M., 2008. "Renewable energy technologies in the Maldives--Realizing the potential," Renewable and Sustainable Energy Reviews, Elsevier, vol. 12(1), pages 162-180, January.
    20. Koo, Junmo & Han, Gwon Deok & Choi, Hyung Jong & Shim, Joon Hyung, 2015. "Wind-speed prediction and analysis based on geological and distance variables using an artificial neural network: A case study in South Korea," Energy, Elsevier, vol. 93(P2), pages 1296-1302.

    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:eee:rensus:v:11:y:2007:i:7:p:1361-1387. 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: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description .

    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.