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Renewable energy: Comparison of CDM and Annex I projects

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  • Kirkman, Grant A.
  • Seres, Stephen
  • Haites, Erik

Abstract

Geothermal, Hydro, Solar and Wind projects located in developing (4808 CDM projects) and developed (2952 Annex I projects) are compared in terms of size (capacity – MWe), capital intensity (US$/MWe) and average investment (US$ per project). The average investment in both CDM and Annex I projects increased rapidly between 2000 and 2012. Most investment in renewable energy projects in both developed and developing countries comes from domestic sources, although the share of foreign investment has been rising for both CDM and Annex I projects. A project with foreign investors often attracts funds from multiple countries, including the host country.

Suggested Citation

  • Kirkman, Grant A. & Seres, Stephen & Haites, Erik, 2013. "Renewable energy: Comparison of CDM and Annex I projects," Energy Policy, Elsevier, vol. 63(C), pages 995-1001.
    • Handle: RePEc:eee:enepol:v:63:y:2013:i:c:p:995-1001
    DOI: 10.1016/j.enpol.2013.08.071
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    References listed on IDEAS

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    1. Malte Schneider & Tobias S. Schmidt & Volker H. Hoffmann, 2010. "Performance of renewable energy technologies under the CDM," Climate Policy, Taylor & Francis Journals, vol. 10(1), pages 17-37, January.
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    Cited by:

    1. Horstmann, Britta & Hein, Jonas, 2017. "Aligning climate change mitigation and sustainable development under the UNFCCC: a critical assessment of the Clean Development Mechanism, the Green Climate Fund and REDD+," IDOS Studies, German Institute of Development and Sustainability (IDOS), volume 96, number 96, July.
    2. Zijie Yang & Dong Huang & Yuqing Zhao & Wenqian Wang, 2022. "A Bibliometric Review of Energy Related International Investment Based on an Evolutionary Perspective," Energies, MDPI, vol. 15(9), pages 1-21, May.
    3. Rahman, Shaikh M. & Kirkman, Grant A., 2015. "Costs of certified emission reductions under the Clean Development Mechanism of the Kyoto Protocol," Energy Economics, Elsevier, vol. 47(C), pages 129-141.

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    Keywords

    CDM; Renewables; Investment;
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