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Carbon Market: A Chance For Small Hydroelectric Power Stations In Colombia, Mercado De Bonos De Carbono: Una Oportunidad Para Las Pequeã‘As Centrales Hidroelectricas En Colombia

Author

Listed:
  • Eduardo Alexander Duque Grisales
  • John Dairo Ramírez Aristizábal
  • Juan Pablo Valencia Ocampo

Abstract

The world utilizes power generation by fossil fuel involving the emission of carbon dioxide. This has an impact on the greenhouse effect and climate change. The concern has led to creation of a new market: the Carbon market. This market issues a type of credit called Certified Emission Reduction to projects reducing the amount of greenhouse gases. Hydropower projects are among the most likely to receive this type of incentive because they are considered a source of clean energy with minimal impact on the environment by the Clean Development Mechanism. This article presents a review of the existing methodologies for assessing greenhouse gas emissions and the implementation of the ACM2 methodology in small hydroelectric plants in Colombia. We calculate an emission factor updated for the country.

Suggested Citation

  • Eduardo Alexander Duque Grisales & John Dairo Ramírez Aristizábal & Juan Pablo Valencia Ocampo, 2016. "Carbon Market: A Chance For Small Hydroelectric Power Stations In Colombia, Mercado De Bonos De Carbono: Una Oportunidad Para Las Pequeã‘As Centrales Hidroelectricas En Colombia," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 9(5), pages 27-37.
    • Handle: RePEc:ibf:riafin:v:9:y:2016:i:5:p:27-37
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    More about this item

    Keywords

    Carbon Market; Clean Development Mechanism (CDM); Small Hydroelectric Plant (SHP);
    All these keywords.

    JEL classification:

    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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