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Modelling the impacts of CDM incentives for the Thai electricity sector

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  • Weiss, Philipp
  • Lefèvre, Thierry
  • Möst, Dominik

Abstract

The CDM Executive Board recently took a positive decision on programmatic CDM, also known as a CDM Programme of Activities. This prompts the author to present a new tool that has been developed recently for the Thai electricity market. The Renewable Energy Development (RED) Model, initially developed in the framework of the DANIDA funded project: Promotion of Renewable Energy in Thailand (PRET), at the Ministry of Energy of Thailand, was designed for the modelling of different incentive schemes and their effects on the Thai power system for the promotion of renewable energy technologies (RETs). Within this article, an extension of the existing RED model, including the CDM as additional incentive measure, is presented (RED-CDM). Along with the project-based approach, also a sectoral and programmatic approach is included as well. Several scenarios developed with the RED-CDM model show the influence of different incentive mechanisms on the Thai power market and their potentials for reaching the policy targets stated in the Energy Strategy of Thailand for Competitiveness. The main results show that reaching the policy targets is possible, while the price can be extremely high if the targets are to be achieved on schedule. Another important result is that a sectoral CDM approach could help financing about 20% of the incentives needed for a shift towards a more sustainable power grid, if the certified emission reductions (CERs) are sold at a price of 15 Euro/ton.

Suggested Citation

  • Weiss, Philipp & Lefèvre, Thierry & Möst, Dominik, 2008. "Modelling the impacts of CDM incentives for the Thai electricity sector," Energy Policy, Elsevier, vol. 36(3), pages 1134-1147, March.
    • Handle: RePEc:eee:enepol:v:36:y:2008:i:3:p:1134-1147
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    1. Michaelowa, Axel & Jotzo, Frank, 2005. "Transaction costs, institutional rigidities and the size of the clean development mechanism," Energy Policy, Elsevier, vol. 33(4), pages 511-523, March.
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    1. Noim Uddin, Sk & Taplin, Ros, 2009. "Trends in renewable energy strategy development and the role of CDM in Bangladesh," Energy Policy, Elsevier, vol. 37(1), pages 281-289, January.
    2. Sk Uddin & Ros Taplin & Xiaojiang Yu, 2010. "Towards a sustainable energy future—exploring current barriers and potential solutions in Thailand," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 12(1), pages 63-87, February.
    3. Jin, S.W. & Li, Y.P. & Huang, G.H. & Nie, S., 2018. "Analyzing the performance of clean development mechanism for electric power systems under uncertain environment," Renewable Energy, Elsevier, vol. 123(C), pages 382-397.
    4. Elie, Luc & Granier, Caroline & Rigot, Sandra, 2021. "The different types of renewable energy finance: A Bibliometric analysis," Energy Economics, Elsevier, vol. 93(C).

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