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Development challenges under the Clean Development Mechanism (CDM)--Can renewable energy initiatives be put in place before peak oil?

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  • Lloyd, Bob
  • Subbarao, Srikanth

Abstract

The "Sustainable Development" aspect of the Clean Development Mechanism (CDM) under the Kyoto Protocol is examined, with regard to its current impact on crucial developmental issues. The paper discusses the immediate and urgent global concerns of developmental needs, energy and climate change, whilst highlighting their influence on the poor in the developing world. The global responses to address the above concerns in terms of renewable energy technologies, policies and strategies that can be instrumental in addressing the issues are discussed, with main emphasis on the CDM under the Kyoto Protocol. The critical issue of whether the CDM can address poverty alleviation and sustainable development in developing countries is discussed in the context of existing market principles, transparency of the mechanism, economics and the daunting bureaucratic procedures involved. The paper concludes that the CDM, if suitably modified, can go some way to address sustainable development and alleviate poverty for poor rural areas and not increase emissions by a focus on renewable energy technologies. This result can be achieved as the energy consumption of rural sectors is currently so small relative to developed economies that only small additional renewable energy generation capacities are needed to make a measurable difference.

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  • Lloyd, Bob & Subbarao, Srikanth, 2009. "Development challenges under the Clean Development Mechanism (CDM)--Can renewable energy initiatives be put in place before peak oil?," Energy Policy, Elsevier, vol. 37(1), pages 237-245, January.
    • Handle: RePEc:eee:enepol:v:37:y:2009:i:1:p:237-245
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    Cited by:

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    6. Jinshan Zhu & Hui Yao & Yingkai Tang & Liyong Wang, 2015. "An econometric analysis of sub-national Clean Development Mechanism performance in China," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 20(7), pages 1137-1153, October.
    7. Gulser YAVUZ & Celil CAKICI, 2014. "Mersin’in XVII. Akdeniz Oyunlarý’ndan Beklentileri Üzerine Bir Araþtýrma," Isletme ve Iktisat Calismalari Dergisi, Econjournals, vol. 2(1), pages 11-26.
    8. Keron Niles & Bob Lloyd, 2014. "Using power sector reform as an opportunity to increase the uptake of renewable energy in the power sector: Responding to peak oil and climate change in Caribbean and Pacific small island developing S," Natural Resources Forum, Blackwell Publishing, vol. 38(1), pages 14-26, February.
    9. Howden-Chapman, Philippa & Viggers, Helen & Chapman, Ralph & O’Sullivan, Kimberley & Telfar Barnard, Lucy & Lloyd, Bob, 2012. "Tackling cold housing and fuel poverty in New Zealand: A review of policies, research, and health impacts," Energy Policy, Elsevier, vol. 49(C), pages 134-142.
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    13. Lin, Tyrone T. & Huang, Shio-Ling, 2011. "Application of the modified Tobin's q to an uncertain energy-saving project with the real options concept," Energy Policy, Elsevier, vol. 39(1), pages 408-420, January.
    14. Arango, Santiago & Larsen, Erik R., 2010. "The environmental paradox in generation: How South America is gradually becoming more dependent on thermal generation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(9), pages 2956-2965, December.
    15. Lee, Zhi Hua & Sethupathi, Sumathi & Lee, Keat Teong & Bhatia, Subhash & Mohamed, Abdul Rahman, 2013. "An overview on global warming in Southeast Asia: CO2 emission status, efforts done, and barriers," Renewable and Sustainable Energy Reviews, Elsevier, vol. 28(C), pages 71-81.
    16. Mandaloufas, Melissa & Lamas, Wendell de Queiroz & Brown, Scott & Irizarry Quintero, Anamari, 2015. "Energy balance analysis of the Brazilian alcohol for flex fuel production," Renewable and Sustainable Energy Reviews, Elsevier, vol. 43(C), pages 403-414.
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    20. Lin, Tyrone T. & Huang, Shio-Ling, 2010. "An entry and exit model on the energy-saving investment strategy with real options," Energy Policy, Elsevier, vol. 38(2), pages 794-802, February.

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