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A roadmap for selecting host countries of wind energy projects in the framework of the clean development mechanism

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  • Georgiou, P.
  • Tourkolias, C.
  • Diakoulaki, D.

Abstract

This paper presents a stepwise evaluation procedure for assessing the attractiveness of different developing countries to host projects on clean technologies in the framework of the clean development mechanism (CDM) of the Kyoto Protocol (KP). The present analysis focuses on wind energy projects and examines a set of developing countries in Eastern Europe, Middle East and Northern Africa. The proposed approach proceeds to the gradual exclusion of candidate countries that do not satisfy fundamental technical and economic conditions influencing the profitability of the project. In the last stage, the countries presenting the highest return are evaluated with respect to a wider set of criteria denoting the ease of making business in each country. The outcome of the evaluation procedure is to identify the most appealing investment opportunities deserving a more detailed techno-economic analysis following the guidelines of the CDM. The obtained results are also useful in order to highlight the most critical factors influencing the economic return of wind energy projects under the framework of the flexible mechanisms of the KP.

Suggested Citation

  • Georgiou, P. & Tourkolias, C. & Diakoulaki, D., 2008. "A roadmap for selecting host countries of wind energy projects in the framework of the clean development mechanism," Renewable and Sustainable Energy Reviews, Elsevier, vol. 12(3), pages 712-731, April.
    • Handle: RePEc:eee:rensus:v:12:y:2008:i:3:p:712-731
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    References listed on IDEAS

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    1. Frank Jotzo & Axel Michaelowa, 2002. "Estimating the CDM market under the Marrakech Accords," Climate Policy, Taylor & Francis Journals, vol. 2(2-3), pages 179-196, September.
    2. Halsnaes, Kirsten, 2002. "Market potential for Kyoto mechanisms--estimation of global market potential for co-operative greenhouse gas emission reduction policies," Energy Policy, Elsevier, vol. 30(1), pages 13-32, January.
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    Cited by:

    1. Nives Dolšak & Emily Crandall, 2013. "Do we know each other? Bilateral ties and the location of clean development mechanism projects," Climatic Change, Springer, vol. 118(3), pages 521-536, June.
    2. Papapostolou, Aikaterini & Karakosta, Charikleia & Nikas, Alexandros & Psarras, John, 2017. "Exploring opportunities and risks for RES-E deployment under Cooperation Mechanisms between EU and Western Balkans: A multi-criteria assessment," Renewable and Sustainable Energy Reviews, Elsevier, vol. 80(C), pages 519-530.
    3. An, Da & Xi, Beidou & Ren, Jingzheng & Wang, Yue & Jia, Xiaoping & He, Chang & Li, Zhiwei, 2017. "Sustainability assessment of groundwater remediation technologies based on multi-criteria decision making method," Resources, Conservation & Recycling, Elsevier, vol. 119(C), pages 36-46.
    4. Karakosta, Charikleia & Doukas, Haris & John, Psarras, 2010. "EU-MENA energy technology transfer under the CDM: Israel as a frontrunner?," Energy Policy, Elsevier, vol. 38(5), pages 2455-2462, May.
    5. Kang, Moon Jung & Park, Jihyoun, 2013. "Analysis of the partnership network in the clean development mechanism," Energy Policy, Elsevier, vol. 52(C), pages 543-553.
    6. Diógenes, Jamil Ramsi Farkat & Claro, João & Rodrigues, José Coelho, 2019. "Barriers to onshore wind farm implementation in Brazil," Energy Policy, Elsevier, vol. 128(C), pages 253-266.
    7. Pechak, Olena & Mavrotas, George & Diakoulaki, Danae, 2011. "Role and contribution of the clean development mechanism to the development of wind energy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(7), pages 3380-3387, September.
    8. 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.
    9. Kousksou, T. & Allouhi, A. & Belattar, M. & Jamil, A. & El Rhafiki, T. & Zeraouli, Y., 2015. "Morocco's strategy for energy security and low-carbon growth," Energy, Elsevier, vol. 84(C), pages 98-105.
    10. Komarov, Dragan & Stupar, Slobodan & Simonović, Aleksandar & Stanojević, Marija, 2012. "Prospects of wind energy sector development in Serbia with relevant regulatory framework overview," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(5), pages 2618-2630.
    11. Doukas, Haris & Karakosta, Charikleia & Psarras, John, 2009. "RES technology transfer within the new climate regime: A "helicopter" view under the CDM," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(5), pages 1138-1143, June.
    12. Kousksou, T. & Allouhi, A. & Belattar, M. & Jamil, A. & El Rhafiki, T. & Arid, A. & Zeraouli, Y., 2015. "Renewable energy potential and national policy directions for sustainable development in Morocco," Renewable and Sustainable Energy Reviews, Elsevier, vol. 47(C), pages 46-57.

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