The Clean Development Mechanism, posted 22 December, 2008
Widespread use of renewable energy technologies (RET) is vital in securing a sustainable global energy system and reducing greenhouse emissions. The number of countries where RET have seen significant
market growth is steadily increasing. However, in most countries of the world, dissemination of new
renewable energy technologies is still very limited.
Under the Kyoto Protocol’s Clean Development Mechanism (CDM), public and private project developers can generate and sell certified emission reductions (CERs) from projects, including renewable energy projects, that reduce greenhouse gas emissions in developing countries. The CDM thus provides financial incentives for shifting to a less emissions-intensive economy.
Many OECD countries are scrambling to buy CERs from less developed areas to meet their emission quotas and thus making the development in RET even more urgent. The number of countries where RET have seen significant market growth is steadily increasing. However, in most countries of the world, dissemination of new renewable energy technologies is still very limited.
The Clean Development Mechanism (CDM) and Host Country Conditions (Source, German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety)
An analysis of the CDM project pipeline shows that the conditions in host countries are the decisive factor for CDM success.
Being a market-based mechanism designed to mobilise private investment, the CDM is concentrated in rapidly industrialising countries. These offer substantial emission reduction potential and a generally favourable investment environment.
Of the 1,700 projects at an advanced stage of implementation,no less than 36 percent are located in India, which, together with Brazil, China and Mexico combined, accounts for about three quarters of all projects. All other countries are way behind. By region, Asia and the Pacific is decisively in the lead with about 66 percent of projects, followed by Latin America with percent. Sub-Saharan Africa, North Africa and the Middle East each account for less than 2 percent. India, China and Brazil also account for approximately 70 percent of the CERs from renewable energy projects expected by 2012 (see Table). Along with
Renewable Energy CDM Projects in Selected Countries
Business Envirnoment in Brics, posted 08 December 2008
Emerging-markets investment is traditionally associated with high risk. But, while developing stock markets continue to produce volatile returns, leading emerging markets have become the engine of the global economy since the turn of the century. Brazil, Russia, India and China - the so-called BRIC economies - collectively contributed close to 30 per cent of global growth over the past five years.
Investors who have dabbled in any of these regions over the last five years will have already done very well. The best-performing emerging markets funds have trebled during that time, while each of the country's stock markets grew by between 33 and 80 per cent in 2006 alone. The big question is how long such strong returns can be sustained. Fans of the BRIC markets argue that these four economies have the potential to collectively account for a third of the entire global economy by 2025, compared to just over 10 per cent today.
Brazil's part stems from its position as the world's largest producer of iron ore, bio ethanol and soy, as well as being amongst the largest global producers of many other commodities. In Russia's favour are its significant oil and gas resources. India's highly qualified, English speaking and - potentially most importantly - relatively cheap workforce has set it up to become the heart of the world's service sector. China, meanwhile is already established as one of the globe's largest manufacturers of RE equipment, and is also quickly becoming one of the world's most important consumers as its large middle class expands.
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Posted by: Abagailkristen | February 16, 2011 at 12:37 PM