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Clean development mechanism versus energy and environment.

Author(s) : CICONKOV R., LAZAREVSKA A.

Summary

In compliance with the contemporary European and world regulations relating to environmental protection, the sectors industry and energy supply and consumption turn towards renewable energy resources. Furthermore, solid and animal waste, as well as biomass and biofuels are becoming more attractive as environmentally friendly energy resources. However, the technologies allowing exploitation and utilization of the aforementioned resources are very often related to high initial, operation and maintenance capital; thus such investments become unattractive from a potential investor S point of view. The issue of transforming this gap of economical unattractiveness of clean energy related projects, into a financially more interesting and environmentally more justified investments, is the main focus of the Kyoto Protocol's Clean Development Mechanism (CDM). The CDM enables implementing project activities in non-Annex 1 countries related to greenhouse gases (GHGs) emission reductions in fifteen sectors including energy (supply and demand side), considered solely, but also, in correlation with e.g. the waste sector. Currently the number of registered CDM project activities (PA) in the energy supply side is significantly larger than the number of the CDM PA in the energy demand side. In spite of this, the interest of potential CDM project developers should be focused on the energy demand side, due to the fact that especially in developing countries and in countries with economies in transition, rehabilitation, energy-efficiency and fuel switch related projects have great GHGs emission reduction potential. In this paper the authors discuss the status quo in the energy sector (especially in the Balkan region) from a CDM point of view and the related background. They identify possible strengths as well as risks in this sector, propose measures to increase the number of energy and energy efficiency related CDM PA and finally identify, the financial benefit deriving from the implementation of the CDM frame on energy related projects.

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Format PDF

Pages: pp. 113-123

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Details

  • Original title: Clean development mechanism versus energy and environment.
  • Record ID : 2010-1684
  • Languages: English
  • Subject: Regulation, Environment, General information
  • Source: Energija i okolis 2008. Medunarodni kongres: XXI. znanstveni skup o energiji i zastiti ikolisa./ Energy and the environment 2008. International congress: 21th Scientific Conference on Energy and the Environment.
  • Publication date: 2008/10/22

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