The evolving role of carbon finance in promoting renewable energy development in China

Lewis, Joanna I.

doi:10.1016/j.enpol.2010.01.020

Cited by 133 publications

(87 citation statements)

References 4 publications

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“…The size and type of a project makes little difference in Tanzania to its viability, which contradicts research findings in other LDCs (Beck & Martinot, 2004;Lewis, 2010). While constraints may differ depending on a project's characteristics, the difficulties of dealing with TANESCO and navigating infrastructural weakness mean that the obstructions reported for large, grid-connected projects were just as significant as those for small-scale, decentralized technologies.…”

Section: Discussionmentioning

confidence: 86%

“…Low CER prices after the global carbon market price crash (Kossoy & Guigon, 2012) have exacerbated the problem. While opportunities for non-industrial, decentralized projects may still exist, high set-up costs make them hard to implement (Lewis, 2010). Yet the majority of LDC populations (UNFPA, 2011) live in hardto-reach rural areas where decentralized projects are required to enhance EA.…”

Section: Introductionmentioning

confidence: 99%

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Can CDM finance energy access in Least Developed Countries? Evidence from Tanzania

2015

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Policy documents and academic literature suggest that Clean Development Mechanism (CDM) finance could complement traditional 'energy access' (EA) funding in developing countries, including the Least Developed Countries (LDCs). Yet these propositions have not been empirically tested. This study helps fill this gap by examining constraints to CDM project passage through five stages of an idealized project development cycle (PDC) in Tanzania, and their implications for the ability of the CDM to contribute to financing energy access in LDCs. Twenty-five semi-structured interviews and documentary material were analysed using an analytical framework developed for systematic investigation of constraints. Institutional constraints such as the under-performance of Tanzania's Designated National Authority were the most often mentioned obstacles for project development. Yet non-institutional constraints such as limited energy sector mitigation potential, indigenous skill shortages, and low carbon market prices also hinder project development. Institutional constraints buttress, rather than supersede, pre-existing noninstitutional constraints, and together they prevent energy projects from completing the PDC and accessing CDM finance. The number and severity of constraints suggest that the situation is unlikely to change rapidly, and that the CDM sustains and exacerbates existing global inequalities. Since traditional energy access funding is insufficient to address these inequalities, new funding and policy mechanisms are required. Policy relevanceThe CDM fails to fill the EA financing gap in Tanzania. This is also true for other LDCs where comparable project development challenges prevail. The CDM therefore appears to sustain uneven development patterns overlooking those most in need. Claims about its potential to enhance EA are misplaced, and the situation is unlikely to change rapidly. CDM and carbon market projects more widely will have limited ability to help financing EA in LDCs, even if the institutional setting within which they are implemented were reformed in the future. Yet traditional energy funding will be inadequate on its own. The debate over extending the CDM post-2017, when the second Kyoto Protocol commitment period expires, should be informed by honest appraisal of its merits and defects. Policy makers should revisit lessons provided by this article and wider research to help ensure that new EA mechanisms are not hampered by constraints and can benefit those most in need.

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Section: Discussionmentioning

confidence: 86%

Section: Introductionmentioning

confidence: 99%

Can CDM finance energy access in Least Developed Countries? Evidence from Tanzania

2015

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“…The annual operating costs do not include costs outside of the individual technologies such as transmission lines, and all the scenarios are based on current transmission condition. Based on the renewable energy CDM projects, the value of certified emissions reduction in China typically ranges from 10-20$/t, depending on project type and perceived level of risk (Lewis, 2010). Here, long-term CO 2 prices of 10$/t and 30$/t are used for calculation respectively.…”

Section: System Cost Inputsmentioning

confidence: 99%

2050 pathway to an active renewable energy scenario for Jiangsu province

et al. 2013

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In 2009 Jiangsu province of China supplied 99.6% of its total energy demand with fossil fuels, of which 82% was imported from other provinces and countries. As energy demand soars, the problem of energy shortage worsens, and the degrees of pollution aggravate, it is essential for Jiangsu to put more emphasis on improving its energy efficiency and utilizing its renewable resources in future. This paper presents the integrated energy pathway for the transitional economy and society of Jiangsu by 2050. EnergyPLAN is chosen as the energy system analysis tool, since it accounts for all sectors of the energy system that needs to be considered when integrating large-scale renewable energy. A Current Policy Scenario (CPS) based on current energy policies and an Ambitious Policy Scenario (APS) based on large-scale integration of renewable energy and ambitious measures of energy efficiency improvement are proposed respectively. The energy pathway under these two scenarios are modeled and compared in terms of technology combination, renewable energy percentage, socioeconomic cost, and can provide valuable implications for Jiangsu's future energy policies.

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“…Reference [16] from a theoretical point of view, the Clean Development Mechanism the scale of the reduction of greenhouse gas emissions for developing countries, even in government financial support to reduce the case, the reduction power is adequate, the project's crediting process is effective inter-of. However, the effect of the clean development mechanism must also be larger in developing countries results in carbon emissions to be verified.…”

Section: Carbon Finance Literature Reviewmentioning

confidence: 99%

Literature Review of Carbon Finance and Low Carbon Economy for Constructing Low Carbon Society in China

Zeng¹,

Zhang²

2011

LCE

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The purpose of the research is that China develops low-carbon economy and strengthens low-carbon economy research by learning other countries experiences, which literatures in the papers introduced. The principal results of the paper is that the paper done up right literatures review of carbon finance and low carbon economy. The major contribution is that the paper finds that China is facing the challenges of the global carbon finance problem and the lack of its pricing power. The conclusions is that we need to increase our academic research on carbon finance to solve China's lagging in carbon finance construction and knows how to construct development system.

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The evolving role of carbon finance in promoting renewable energy development in China

Cited by 133 publications

References 4 publications

Can CDM finance energy access in Least Developed Countries? Evidence from Tanzania

Can CDM finance energy access in Least Developed Countries? Evidence from Tanzania

2050 pathway to an active renewable energy scenario for Jiangsu province

Literature Review of Carbon Finance and Low Carbon Economy for Constructing Low Carbon Society in China

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