کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
995490 936211 2005 13 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Transaction costs of unilateral CDM projects in India-results from an empirical survey
موضوعات مرتبط
مهندسی و علوم پایه مهندسی انرژی مهندسی انرژی و فناوری های برق
پیش نمایش صفحه اول مقاله
Transaction costs of unilateral CDM projects in India-results from an empirical survey
چکیده انگلیسی
Recently, transaction costs in the context of the Clean Development Mechanism (CDM) gained considerable attention as they were generally perceived to be significantly higher than for the other Kyoto Mechanisms. However, empirical evidence on the amount of transaction costs of CDM projects is very scarce. This paper presents the results from an empirical survey designed to quantify transaction costs of potential non-sink CDM projects in India. The definition of transaction costs of CDM projects was derived from recent literature and observations made in the current market for Certified Emission Reductions (CERs). During the survey, parts of transaction costs of 15 projects were quantified. An assessment of the results showed that specific transaction costs depend, to a large extent, on economies of scale in terms of total amount of CERs generated over the crediting period. Total transaction costs were quantified for seven projects. The costs range from 0.07 to 0.47 $US/t CO2. As the projects have an emission reduction between 0.24 Mt CO2 and 5.00 Mt CO2 over the crediting period, the results support the assumption of Michaelowa et al. (Climate Policy 3 (2003) 273) that projects with emission reductions smaller than 0.20 Mt CO2 are not economically viable at current CER prices.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Energy Policy - Volume 33, Issue 18, December 2005, Pages 2385-2397
نویسندگان
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