IDEAS home Printed from https://ideas.repec.org/a/spr/envpol/v5y2002i2d10.1007_bf03354025.html
   My bibliography  Save this article

Feasibility study on a CDM project utilizing photovoltaic systems

Author

Listed:
  • Ryuji Matsuhashi

    (The University of Tokyo)

  • Yutaka Momobayashi

    (The University of Tokyo)

  • Hisashi Ishitani

    (The University of Tokyo)

Abstract

Clean development mechanism (CDM) is expected to facilitate technology transfer from developed to developing countries and to reduce greenhouse gas emissions economically. This article evaluates a CDM project utilizing photovoltaic (PV) systems. For this purpose, we first estimated life cycle CO2 emissions of PV and other power generation systems based on an input-output table for environmental analysis. The cost of the PV systems was also evaluated, taking into consideration the effect of mass production. Next, two dynamic scenarios were developed to disseminate PV systems. One is a scenario only for domestic dissemination, and the other includes a CDM project utilizing PV systems as well as domestic dissemination. We then evaluated a net present value of the CDM as well as CO2 reductions in the dynamic scenarios. A net present value of the CDM project was estimated to be negative at 5% of the discount rate. At the same time, it was shown to be much higher at a lower discount rate and at higher prices of certified emission reduction by the CDM. Accordingly, we proposed new schemes to make the CDM viable. In particular, we discussed how to lower project risks with CDM.

Suggested Citation

  • Ryuji Matsuhashi & Yutaka Momobayashi & Hisashi Ishitani, 2002. "Feasibility study on a CDM project utilizing photovoltaic systems," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 5(2), pages 105-119, June.
    • Handle: RePEc:spr:envpol:v:5:y:2002:i:2:d:10.1007_bf03354025
    DOI: 10.1007/BF03354025
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/BF03354025
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/BF03354025?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    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. Michaelowa, Axel & Stronzik, Marcus, 2002. "Transaction costs of the Kyoto mechanisms," HWWA Discussion Papers 175, Hamburg Institute of International Economics (HWWA).
    2. Michaelowa, Axel & Stronzik, Marcus, 2002. "Transaction Costs of the Kyoto Mechanisms," Discussion Paper Series 26284, Hamburg Institute of International Economics.
    Full references (including those not matched with items on IDEAS)

    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. Mitsutsune Yamaguchi, 2005. "CDM potential in the power-generation and energy-intensive industries of China," Climate Policy, Taylor & Francis Journals, vol. 5(2), pages 167-184, March.
    2. Greiner, Sandra & Michaelowa, Axel, 2003. "Defining Investment Additionality for CDM projects--practical approaches," Energy Policy, Elsevier, vol. 31(10), pages 1007-1015, August.
    3. Djanibekov, Utkur & Khamzina, Asia & Djanibekov, Nodir & Lamers, John P.A., 2012. "How attractive are short-term CDM forestations in arid regions? The case of irrigated croplands in Uzbekistan," Forest Policy and Economics, Elsevier, vol. 21(C), pages 108-117.
    4. Khalil Helioui, 2006. "Coordination internationale des politiques climatiques : quelle efficacité ?," Working Papers hal-00866433, HAL.
    5. Khalil, Helioui & Cohen, Claude & Salem Szklo, Alexandre, 2006. "How to use the clean development mechanism in the residential sector? The case of Brazilian refrigerators," Energy Policy, Elsevier, vol. 34(15), pages 2150-2160, October.
    6. Ryuji Matsuhashi & Yutaka Momobayashi & Hisashi Ishitani, 2002. "Feasibility study on a CDM project utilizing photovoltaic systems," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 5(2), pages 105-119, June.
    7. Wang, Zhi, 2003. "WTO Accession, "Greater China" Free Trade Area and Economic Integration across the Taiwan Strait," Conference papers 331126, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    8. Axel Michaelowa, 2002. "Book review," Climate Policy, Taylor & Francis Journals, vol. 2(4), pages 395-396, December.
    9. Frank Jotzo & Axel Michaelowa, 2002. "Estimating the CDM market under the Marrakech Accords," Climate Policy, Taylor & Francis Journals, vol. 2(2-3), pages 179-196, September.
    10. Khalil Helioui, 2006. "Coordination internationale des politiques climatiques : quelle efficacité ?," CIRED Working Papers hal-00866433, HAL.
    11. Alfred Endres & Cornelia Ohl, 2005. "Kyoto, Europe?—An Economic Evaluation of the European Emission Trading Directive," European Journal of Law and Economics, Springer, vol. 19(1), pages 17-39, January.
    12. Singh, Inderjeet & Michaelowa, Axel, 2004. "Indian Urban Building Sector: CDM Potential through Engergy Efficiency in Electricity Consumption," HWWA Discussion Papers 289, Hamburg Institute of International Economics (HWWA).
    13. Singh, Inderjeet & Michaelowa, Axel, 2004. "Indian Urban Building Sector: CDM Potential through Energy Efficiency in Electricity Consumption," Discussion Paper Series 26323, Hamburg Institute of International Economics.
    14. Lubomir Nondek & Anne Arquit Niederberger, 2004. "Statistical analysis of CDM capacity-building needs," Climate Policy, Taylor & Francis Journals, vol. 4(3), pages 249-268, September.
    15. Müller-Pelzer, Felicia, 2004. "The Clean Development Mechanism," HWWA Reports 244, Hamburg Institute of International Economics (HWWA).

    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:spr:envpol:v:5:y:2002:i:2:d:10.1007_bf03354025. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.