IDEAS home Printed from https://ideas.repec.org/a/eee/rensus/v73y2017icp868-877.html
   My bibliography  Save this article

Preparing hydropower projects for the post-Paris regime: An econometric analysis of the main drivers for registration in the Clean Development Mechanism

Author

Listed:
  • Koo, Bonsang

Abstract

The 2015 Paris Climate Accords promises to reign in a new era in the fight against global climate change. The Agreement supports the establishment of new cooperative approaches including internationally transferred mitigation outcomes, through which individual countries can meet their nationally determined contributions. Hydropower projects, however, are in danger of being left out in the new regime mainly due to its dubious position as a renewable energy source. Hydropower in the Clean Development Mechanism (CDM) has been criticized for non-conformance to additionality and sustainability objectives originally set out in the Kyoto Protocol. To confirm such issues, and to provide recommendations that may mitigate them, this study conducted an econometric analysis of 2717 hydropower projects in the CDM pipeline leading up to 2016. Specifically, a logit model was constructed to identify the main drivers for registration success. Results of the analysis showed the capacity and expected carbon credits of hydropower projects to be the dominant factors for registration, rather than their financial requirements or technological barriers. Most problematically, large scale projects not requiring carbon credits were registered, while their social and environmental impacts have not been extensively scrutinized. Policy recommendations to rectify the verification process are proposed, so that when implemented, the right hydropower projects may be included in the new market mechanisms of the post-2020 regime.

Suggested Citation

  • Koo, Bonsang, 2017. "Preparing hydropower projects for the post-Paris regime: An econometric analysis of the main drivers for registration in the Clean Development Mechanism," Renewable and Sustainable Energy Reviews, Elsevier, vol. 73(C), pages 868-877.
  • Handle: RePEc:eee:rensus:v:73:y:2017:i:c:p:868-877
    DOI: 10.1016/j.rser.2017.01.095
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S136403211730117X
    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. Zhu, Jinshan, 2012. "The Correlated Factors of the Uneven Performances of the CDM Countries," IEL Working Papers 11, Institute of Public Policy and Public Choice - POLIS.
    2. 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.
    3. Dechezleprêtre, Antoine & Glachant, Matthieu & Ménière, Yann, 2008. "The Clean Development Mechanism and the international diffusion of technologies: An empirical study," Energy Policy, Elsevier, vol. 36(4), pages 1273-1283, April.
    4. Hanh, Dang & Michaelowa, Axel & de Jong, Friso, 2006. "From GHGs abatement potential to viable CDM projects: The case of Cambodia, Lao PDR and Vietnam," HWWA Reports 259, Hamburg Institute of International Economics (HWWA).
    5. Philibert, Cedric, 2000. "How could emissions trading benefit developing countries," Energy Policy, Elsevier, vol. 28(13), pages 947-956, November.
    6. Winkelman, Andrew G. & Moore, Michael R., 2011. "Explaining the differential distribution of Clean Development Mechanism projects across host countries," Energy Policy, Elsevier, vol. 39(3), pages 1132-1143, March.
    7. Lambert Schneider, 2009. "Assessing the additionality of CDM projects: practical experiences and lessons learned," Climate Policy, Taylor & Francis Journals, vol. 9(3), pages 242-254, May.
    8. Stefan Bakker & Constanze Haug & Harro Van Asselt & Joyeeta Gupta & Raouf Saïdi, 2011. "The future of the CDM: same same, but differentiated?," Climate Policy, Taylor & Francis Journals, vol. 11(1), pages 752-767, January.
    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. Koch, Nicolas & Fuss, Sabine & Grosjean, Godefroy & Edenhofer, Ottmar, 2014. "Causes of the EU ETS price drop: Recession, CDM, renewable policies or a bit of everything?—New evidence," Energy Policy, Elsevier, vol. 73(C), pages 676-685.
    11. Jung, Martina, 2006. "Host country attractiveness for CDM non-sink projects," Energy Policy, Elsevier, vol. 34(15), pages 2173-2184, October.
    12. Dechezleprêtre, Antoine & Glachant, Matthieu & Ménière, Yann, 2009. "Technology transfer by CDM projects: A comparison of Brazil, China, India and Mexico," Energy Policy, Elsevier, vol. 37(2), pages 703-711, February.
    13. Egre, Dominique & Milewski, Joseph C., 2002. "The diversity of hydropower projects," Energy Policy, Elsevier, vol. 30(14), pages 1225-1230, November.
    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. repec:eee:enepol:v:115:y:2018:i:c:p:119-130 is not listed on IDEAS

    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:73:y:2017:i:c:p:868-877. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description .

    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 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.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.