Role and contribution of the clean development mechanism to the development of wind energy

The world driven by the concern for climate change and by growing prices for fossil fuels is trying to make a more drastic shift towards renewable energy sources (RES). The Kyoto Protocol mechanisms are considered to assist this process in both developed and developing countries. The scope of this paper is to analyze the so far gained experience by the implementation of the clean development mechanism (CDM), in order to investigate its role in the formation of wind energy markets in developing countries. For this purpose we make a brief overview of existing incentives for the RES support within hosting countries. Then, we exploit the available CDM databases in order to identify the influence of CDM activities on the development of the corresponding wind energy markets.