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Role and contribution of the clean development mechanism to the development of wind energy

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  • Pechak, Olena
  • Mavrotas, George
  • Diakoulaki, Danae

Abstract

The world driven by the concern for climate change and by growing prices for fossil fuels is trying to make a more drastic shift towards renewable energy sources (RES). The Kyoto Protocol mechanisms are considered to assist this process in both developed and developing countries. The scope of this paper is to analyze the so far gained experience by the implementation of the clean development mechanism (CDM), in order to investigate its role in the formation of wind energy markets in developing countries. For this purpose we make a brief overview of existing incentives for the RES support within hosting countries. Then, we exploit the available CDM databases in order to identify the influence of CDM activities on the development of the corresponding wind energy markets.

Suggested Citation

  • Pechak, Olena & Mavrotas, George & Diakoulaki, Danae, 2011. "Role and contribution of the clean development mechanism to the development of wind energy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(7), pages 3380-3387, September.
    • Handle: RePEc:eee:rensus:v:15:y:2011:i:7:p:3380-3387
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    Cited by:

    1. Zhao, Zhen-Yu & Li, Zhi-Wei & Xia, Bo, 2014. "The impact of the CDM (clean development mechanism) on the cost price of wind power electricity: A China study," Energy, Elsevier, vol. 69(C), pages 179-185.
    2. Kim, Jeayoon & Park, Kwangwoo, 2018. "Effect of the Clean Development Mechanism on the deployment of renewable energy: Less developed vs. well-developed financial markets," Energy Economics, Elsevier, vol. 75(C), pages 1-13.
    3. Mo, Jian-Lei & Agnolucci, Paolo & Jiang, Mao-Rong & Fan, Ying, 2016. "The impact of Chinese carbon emission trading scheme (ETS) on low carbon energy (LCE) investment," Energy Policy, Elsevier, vol. 89(C), pages 271-283.
    4. Beibei Shi & Lei Wu & Rong Kang, 2021. "Clean Development, Energy Substitution, and Carbon Emissions: Evidence from Clean Development Mechanism (CDM) Project Implementation in China," Sustainability, MDPI, vol. 13(2), pages 1-18, January.
    5. Zeng, Yuxin & Shi, Wei & Michailides, Constantine & Ren, Zhengru & Li, Xin, 2022. "Turbulence model effects on the hydrodynamic response of an oscillating water column (OWC) with use of a computational fluid dynamics model," Energy, Elsevier, vol. 261(PA).
    6. Hasan Eroğlu, 2021. "Multi-criteria decision analysis for wind power plant location selection based on fuzzy AHP and geographic information systems," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(12), pages 18278-18310, December.
    7. Carmichael, David G. & Ballouz, Joseph J. & Balatbat, Maria C.A., 2015. "Improving the attractiveness of CDM projects through allowing and incorporating options," Energy Policy, Elsevier, vol. 86(C), pages 784-791.
    8. Flora, Rui & Marques, António Cardoso & Fuinhas, José Alberto, 2014. "Wind power idle capacity in a panel of European countries," Energy, Elsevier, vol. 66(C), pages 823-830.
    9. Islam, M.R. & Mekhilef, S. & Saidur, R., 2013. "Progress and recent trends of wind energy technology," Renewable and Sustainable Energy Reviews, Elsevier, vol. 21(C), pages 456-468.

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