Performance risk associated with renewable energy CDM projects

Journal of Management in Engineering

Volumn 28, Issue 1, 2012, Pages 51-58

  Balatbat, Maria C A ^a   Findlay, Emily ^b   Carmichael, David G ^b  

^a UNIVERSITY OF NEW SOUTH WALES   (Australia)

^b UNIVERSITY OF NEW SOUTH WALES   (Australia)

Author keywords

Certified emission reductions; Clean development mechanism (CDM); Feasibility; Issuance; Performance; Renewable energy; Risk

Indexed keywords

CERTIFIED EMISSION REDUCTIONS; CLEAN DEVELOPMENT MECHANISM; FEASIBILITY; ISSUANCE; PERFORMANCE; RENEWABLE ENERGIES;

CARBON; DEVELOPING COUNTRIES; EMISSION CONTROL; ENERGY POLICY; HYDROELECTRIC POWER; RISKS; WIND POWER;

RISK PERCEPTION;

EID: 84860157266     PISSN: 0742597X     EISSN: None     Source Type: Journal    
DOI: 10.1061/(ASCE)ME.1943-5479.0000090     Document Type: Article

References (20)

1. Carmichael, D. G., and Balatbat, M. C. A. (2008 a). " Probabilistic DCF analysis and capital budgeting and investment-a survey." Eng. Economist 0013-791X, 53 (1), 84-102. 10.1080/00137910701864809 (Pubitemid 351379905)
2. Carmichael, D. G., and Balatbat, M. C. A. (2008 b). " The influence of extra projects on overall investment feasibility." J. Financial Manage. Prop. Constr. 1366-4387, 13 (3), 161-175. 10.1108/13664380810913403
3. Del Rio, P. (2006). " Linking renewable energy CDM projects and TGC schemes: An analysis of different options." Energy Policy 0301-4215, 34 (17), 3173-3183. 10.1016/j.enpol.2005.05.016 (Pubitemid 44204074)
4. Falconett, I., and Nagasaka, K. (2010). " Comparative analysis of support mechanisms for renewable energy technologies using probability distributions." Renewable Energy 0960-1481, 35 (6), 1135-1144. 10.1016/j.renene.2009.11.019
5. Hillier, F. S. (1969). The evaluation of risky interrelated investments, North-Holland Publishing, Amsterdam.
6. Matsuhashi, R., Fujisawa, D., Mitamura, W., Momobayashi, Y., and Yoshida, Y. (2004). " Clean development mechanism projects and portfolio risks." Energy 0149-9386, 29 (9-10), 1579-1588. 10.1016/j.energy.2004.03. 060 (Pubitemid 38728705)
7. Michaelowa, A. (2005). " CDM: Current status and possibilities for reform." Research Paper No. 3, HWWI Research Programme on International Climate Policy, Hamburg Institute of International Economics (HWWI), Hamburg, Germany.
8. Michaelowa, A., and Jotzo, F. (2005). " Transaction costs, institutional rigidities and the size of the clean development mechanism." Energy Policy 0301-4215, 33 (4), 511-523. 10.1016/j.enpol.2003.08.016 (Pubitemid 39102787)
9. Oleschak, R., and Springer, U. (2007). " Measuring host country risk in CDM and JI projects: A composite indicator." Climate Policy 1469-3062, 7 (6), 470-487. 10.3763/cpol.2007.0728 (Pubitemid 351392374)
10. Prengel, R. (2004). " Risk assessment and mitigation in renewable energy projects under the clean development mechanism: Wind energy projects in China." Ph.D. thesis, Dept. of World Economics, Technical Univ. Berlin, Berlin.
11. Schneider, L. (2007). Is the CDM fulfilling its environmental and sustainable development objectives? An evaluation of the CDM and options for improvement, Öko-Institut, Berlin.
12. Schneider, M., Holzer, A., and Hoffmann, V. H. (2008). " Understanding the CDM's contribution to technology transfer." Energy Policy 0301-4215, 36 (8), 2930-2938. 10.1016/j.enpol.2008.04.009
13. Schroeder, M. (2009). " Utilizing the clean development mechanism for the deployment of renewable energies in China." Appl. Energy 0306-2619, 86 (2), 237-242. 10.1016/j.apenergy.2008.04.019
14. Tung, Y. K. (1992). " Probability distribution for benefit/cost ratio and net benefit." J. Water Resour. Plann. Manage. 0733-9496, 118 (2), 133-150. 10.1061/(ASCE)0733-9496(1992)118:2(133)
15. United Nations Environment Program (UNEP) Risoe. (2007). " Guide to financing CDM projects." Capacity Development for Clean Development Mechanism (CD4CDM), Roskilde, Denmark.
16. United Nations Framework Convention on Climate Change (UNFCCC). (2009). " Kyoto Protocol." http://unfccc.int/kyoto-protocol/items/2830.php (Jul. 10, 2009).
17. United Nations Framework Convention on Climate Change (UNFCCC). (2010 a). " Clean development mechanism (CDM) home." http://cdm.unfccc.int/ (May 25, 2010).
18. United Nations Framework Convention on Climate Change (UNFCCC). (2010 b). " CDM in numbers." http://cdm.unfccc.int/Statistics/index.html (May 25, 2010).
19. United Nations Framework Convention on Climate Change (UNFCCC). (2010 c). " Issuance certified emission reductions (CERs)." http://cdm.unfccc.int/Issuance/cers-iss.html (Sep. 1, 2009).
20. Yang, M., Nguyen, F., De T'Serclaes, P., and Buchner, B. (2010). " Wind farm investment risks under uncertain CDM benefit in China." Energy Policy 0301-4215, 38 (3), 1436-1447. 10.1016/j.enpol.2009.11.024