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Role and contribution of the clean development mechanism to the development of wind energy

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  • Pechak, Olena
  • Mavrotas, George
  • Diakoulaki, Danae

Abstract

The world driven by the concern for climate change and by growing prices for fossil fuels is trying to make a more drastic shift towards renewable energy sources (RES). The Kyoto Protocol mechanisms are considered to assist this process in both developed and developing countries. The scope of this paper is to analyze the so far gained experience by the implementation of the clean development mechanism (CDM), in order to investigate its role in the formation of wind energy markets in developing countries. For this purpose we make a brief overview of existing incentives for the RES support within hosting countries. Then, we exploit the available CDM databases in order to identify the influence of CDM activities on the development of the corresponding wind energy markets.

Suggested Citation

  • 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.
  • Handle: RePEc:eee:rensus:v:15:y:2011:i:7:p:3380-3387
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    References listed on IDEAS

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    Cited by:

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    5. 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.
    6. Carmichael, David G. & Ballouz, Joseph J. & Balatbat, Maria C.A., 2015. "Improving the attractiveness of CDM projects through allowing and incorporating options," Energy Policy, Elsevier, vol. 86(C), pages 784-791.
    7. Flora, Rui & Marques, António Cardoso & Fuinhas, José Alberto, 2014. "Wind power idle capacity in a panel of European countries," Energy, Elsevier, vol. 66(C), pages 823-830.
    8. Islam, M.R. & Mekhilef, S. & Saidur, R., 2013. "Progress and recent trends of wind energy technology," Renewable and Sustainable Energy Reviews, Elsevier, vol. 21(C), pages 456-468.
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