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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
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    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.

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    File URL: http://www.sciencedirect.com/science/article/B6V2W-4TP1FF7-1/2/f44461c6798adb2c92d4810543efad27
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    Bibliographic Info

    Article provided by Elsevier in its journal Energy Policy.

    Volume (Year): 37 (2009)
    Issue (Month): 1 (January)
    Pages: 237-245

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    Handle: RePEc:eee:enepol:v:37:y:2009:i:1:p:237-245

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    Web page: http://www.elsevier.com/locate/enpol

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    Keywords: Clean Development Mechanism (CDM) Sustainable development Renewable energy;

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    Cited by:
    1. 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.
    2. Dale, Michael & Krumdieck, Susan & Bodger, Pat, 2011. "Net energy yield from production of conventional oil," Energy Policy, Elsevier, vol. 39(11), pages 7095-7102.
    3. 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.
    4. 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.
    5. 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.
    6. Subbarao, Srikanth & Lloyd, Bob, 2011. "Can the Clean Development Mechanism (CDM) deliver?," Energy Policy, Elsevier, vol. 39(3), pages 1600-1611, March.

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