Evidence of the clean development mechanism impact on the Chinese electric power system's low-carbon transition

Stua, Michele

doi:10.1016/j.enpol.2013.07.039

Cited by 26 publications

(11 citation statements)

References 48 publications

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“…The environmental integrity of international carbon market mechanisms has, so far, mainly been investigated in the context of the 1997 Kyoto Protocol. Research on the Clean Development Mechanism (CDM) under Article 12 of the Protocol focussed on the additionality of projects Erickson, Lazarus, & Spalding-Fecher, 2014;Gillenwater, 2011;Greiner & Michaelowa, 2003;Haya & Parekh, 2011;He & Morse, 2013;Michaelowa & Purohit, 2007;Schneider, 2009b;Spalding-Fecher et al, 2012;Stua, 2013;Trexler, Broekhoff, & Kosloff, 2006); the establishment of emission baselines (Bailis, Drigo, Ghilardi, & Masera, 2015;Fischer, 2005;Kartha, Lazarus, & Bosi, 2004;Schneider, 2011), including their standardization (Hayashi & Michaelowa, 2013;Hermwille, Arens, & Burian, 2013;Kartha, Lazarus, & LeFranc, 2005;Lazarus, Kartha, Ruth, Bernow, & Dunmire, 1999;Spalding-Fecher & Michaelowa, 2013) and how national policies should be considered in demonstrating additionality and establishing baselines (Liu, 2015;Spalding-Fecher, 2013). Other research areas include leakage effects (Calvin et al, 2015;Geres & Michaelowa, 2002;Kallbekken, 2007;Schneider, Lazarus, & Kollmuss, 2010;Sonter, Barrett, Moran, & Soares-Filho, 2015;Vöhringer, Kuosmanen, & Dellink, 2006), monitoring of emission reductions (Shishlov & Bellassen, 2016;Warnecke, 2014), and how the CDM could provide global net emissions reductions (Chung, 2007;Erickson et al, 2014;Kollmuss & Lazarus, 2011;…”

Section: Introductionmentioning

confidence: 99%

Environmental integrity of international carbon market mechanisms under the Paris Agreement

Schneider

Theuer²

2018

Climate Policy

115

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Section: Introductionmentioning

confidence: 99%

Environmental integrity of international carbon market mechanisms under the Paris Agreement

Schneider

Theuer²

2018

Climate Policy

115

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“…Value, valuation and the ability to capture rents result from a process of assetization (Birch 2017;Dreyfuss and Frankel 2015). The Clean Development Mechanism (CDM) did so by combining a system of demand based on the Kyoto Protocol's binding emission reduction targets with approved baseline methodologies to reduce the transaction costs of supply (Stua 2013).…”

Section: Theoretical Assumptionsmentioning

confidence: 99%

Rationale for a Climate Club Embedded in Article 6 of the Paris Agreement – A Pathway to Carbon Neutrality

Stua¹,

Nolden²,

Coulon³

2021

Preprint

Self Cite

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Recent times have witnessed an increasing number of countries and private firms pledging carbon neutrality by mid-century. Whilst representing a significant improvement in intentions to tackle climate change, such pledges lack substance and structure. For instance, individual pledges lack coordination and aggregation among peers, while strategies and measures to achieve ambitious targets are largely absent. Moreover, current disagreements obstructing progress in international climate change negotiations further undermine the reliability of carbon neutrality objectives. Effective international policies are needed to foster aggregate mitigation ambitions and the creation of adequate supporting mechanisms. This theoretical paper describes a governance innovation aimed at overcoming such shortfalls and disagreements through a unifying yet customizable pathway towards carbon neutrality. It does so by first outlining a political governance framework based on a climate club interpretation of Article 6 of the Paris Agreement. Secondly, it proposes carbon emission mitigation effort sharing on a per capita basis to ensure efficiency, equity and political feasibility. Thirdly, this paper describes how the supply of certified mitigations of carbon emissions required to satisfy effort sharing-based demand can be assetized as carbon credits by operationalizing Article 6 as a joint certification mechanism. The resulting governance architecture for managing demand and supply of mitigations shifts efforts to tackle climate change from a ‘problem-driven’ cost approach to ‘opportunity-driven’ value creation pathways towards carbon neutrality.

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“…The CDM dataset has been used to examine the learning rate in China's wind energy industry (Yao et al 2015), the network effects of technological learning (Tang and Popp 2014), the effect of CDM on China's industry development (Stua 2013), and the efficacy of CDM's additionality requirement (He andMorse 2013, Chan 2015), among other effects. Our version of the CDM project database contains data for most of China's onshore wind farm projects between 2004 and 2012.…”

Section: Datamentioning

confidence: 99%

China’s wind electricity and cost of carbon mitigation are more expensive than anticipated

Lam

Branstetter

Azevedo

2016

Environ. Res. Lett.

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The success of China's transition to a low-carbon energy system will be key to achieve the global level of emissions reductions needed to avoid large negative consequences from climate change. China is undergoing an impressive build up of renewable capacity, in particular wind. Using data from the Clean Mechanism Development project database between 2004 and 2012, this study shows that while China made progress in bringing down the levelized cost of wind electricity and cost of carbon mitigation (CCM), serious grid-connection issues and high wind curtailment rates resulted in a levelized cost of wind electricity that is one-half to two times higher than expected, and a CCM that is four to six times higher. Sharp drop in electricity demand, utilization rate, and coal prices in recent years may lead to even higher results.

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Evidence of the clean development mechanism impact on the Chinese electric power system's low-carbon transition

Cited by 26 publications

References 48 publications

Environmental integrity of international carbon market mechanisms under the Paris Agreement

Environmental integrity of international carbon market mechanisms under the Paris Agreement

Rationale for a Climate Club Embedded in Article 6 of the Paris Agreement – A Pathway to Carbon Neutrality

China’s wind electricity and cost of carbon mitigation are more expensive than anticipated

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