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Utilizing the clean development mechanism for the deployment of renewable energies in China

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  • Schroeder, Miriam

Abstract

This article discusses how much the clean development mechanism (CDM) can contribute to the deployment of renewable energies (RE) in China. While there are at least two general barriers to utilizing CDM finance for RE deployment - namely high project costs and the proof of additionality - this article argues that an appropriate national regulation can lead RE technologies to a stage of commercialisation at which CDM financing can become crucial. For an assessment of the current policy mix in place in China for the deployment of renewable energies, the article compares the national Chinese regulations for renewable energies and China's specific CDM rules for their impact: where do general and CDM-specific regulations for the promotion of renewable energies provide synergies, where does the policy-making on these two levels collide?

Suggested Citation

  • Schroeder, Miriam, 2009. "Utilizing the clean development mechanism for the deployment of renewable energies in China," Applied Energy, Elsevier, vol. 86(2), pages 237-242, February.
    • Handle: RePEc:eee:appene:v:86:y:2009:i:2:p:237-242
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    2. Zhang, Dahai & Wang, Jiaqi & Lin, Yonggang & Si, Yulin & Huang, Can & Yang, Jing & Huang, Bin & Li, Wei, 2017. "Present situation and future prospect of renewable energy in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 76(C), pages 865-871.
    3. Chen, W.T. & Li, Y.P. & Huang, G.H. & Chen, X. & Li, Y.F., 2010. "A two-stage inexact-stochastic programming model for planning carbon dioxide emission trading under uncertainty," Applied Energy, Elsevier, vol. 87(3), pages 1033-1047, March.
    4. Pauline Lacour & Jean-Christophe Simon, 2012. "Les avancées du Mécanisme de Développement Propre : une étape décisive vers un développement "décarboné" au Sud ?," Post-Print halshs-00713067, HAL.
    5. Jim Watson & Rob Byrne & David Ockwell & Michele Stua, 2015. "Lessons from China: building technological capabilities for low carbon technology transfer and development," Climatic Change, Springer, vol. 131(3), pages 387-399, August.
    6. 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.
    7. Stua, Michele, 2013. "Evidence of the clean development mechanism impact on the Chinese electric power system's low-carbon transition," Energy Policy, Elsevier, vol. 62(C), pages 1309-1319.
    8. Feng Ba & Paul R Thiers & Yonggong Liu, 2018. "The evolution of China’s emission trading mechanisms: From international offset market to domestic Emission Trading Scheme," Environment and Planning C, , vol. 36(7), pages 1214-1233, November.
    9. Bell, William Paul & Zheng, Xuemei, 2018. "Inclusive growth and climate change adaptation and mitigation in Australia and China : Removing barriers to solving wicked problems," MPRA Paper 84509, University Library of Munich, Germany.
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    11. Lund, P.D., 2010. "Fast market penetration of energy technologies in retrospect with application to clean energy futures," Applied Energy, Elsevier, vol. 87(11), pages 3575-3583, November.
    12. Wang, Bo, 2010. "Can CDM bring technology transfer to China?--An empirical study of technology transfer in China's CDM projects," Energy Policy, Elsevier, vol. 38(5), pages 2572-2585, May.
    13. Zhao, Xiaoli & Lyon, Thomas P. & Song, Cui, 2012. "Lurching towards markets for power: China’s electricity policy 1985–2007," Applied Energy, Elsevier, vol. 94(C), pages 148-155.
    14. Wang, Qiang & Chen, Yong, 2010. "Barriers and opportunities of using the clean development mechanism to advance renewable energy development in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(7), pages 1989-1998, September.
    15. Hultman, Nathan E. & Pulver, Simone & Guimarães, Leticia & Deshmukh, Ranjit & Kane, Jennifer, 2012. "Carbon market risks and rewards: Firm perceptions of CDM investment decisions in Brazil and India," Energy Policy, Elsevier, vol. 40(C), pages 90-102.
    16. 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.
    17. Wang, Zhaohua & Yang, Zhongmin & Zhang, Yixiang & Yin, Jianhua, 2012. "Energy technology patents–CO2 emissions nexus: An empirical analysis from China," Energy Policy, Elsevier, vol. 42(C), pages 248-260.
    18. Saidur, R. & Islam, M.R. & Rahim, N.A. & Solangi, K.H., 2010. "A review on global wind energy policy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(7), pages 1744-1762, September.
    19. Chirambo, Dumisani, 2016. "Addressing the renewable energy financing gap in Africa to promote universal energy access: Integrated renewable energy financing in Malawi," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 793-803.
    20. Karakosta, Charikleia & Doukas, Haris & Psarras, John, 2010. "Technology transfer through climate change: Setting a sustainable energy pattern," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(6), pages 1546-1557, August.
    21. Daniela Marconi & Francesca Sanna-Randaccio, 2012. "The clean development mechanism and technology transfer to China," Questioni di Economia e Finanza (Occasional Papers) 129, Bank of Italy, Economic Research and International Relations Area.
    22. Li, Y.P. & Huang, G.H. & Li, M.W., 2014. "An integrated optimization modeling approach for planning emission trading and clean-energy development under uncertainty," Renewable Energy, Elsevier, vol. 62(C), pages 31-46.
    23. Zhang, Chi & Yan, Jinyue, 2015. "CDM’s influence on technology transfers: A study of the implemented clean development mechanism projects in China," Applied Energy, Elsevier, vol. 158(C), pages 355-365.
    24. Liping, Duan, 2011. "Analysis of the relationship between international cooperation and scientific publications in energy R&D in China," Applied Energy, Elsevier, vol. 88(12), pages 4229-4238.
    25. Wang, Linyuan & Zhao, Lin & Mao, Guozhu & Zuo, Jian & Du, Huibin, 2017. "Way to accomplish low carbon development transformation: A bibliometric analysis during 1995–2014," Renewable and Sustainable Energy Reviews, Elsevier, vol. 68(P1), pages 57-69.

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