Title
Economic and environmental performances of small-scale rural PV solar projects under the clean development mechanism : the case of Cambodia Economic and environmental performances of small-scale rural PV solar projects under the clean development mechanism : the case of Cambodia
Author
Faculty/Department
Faculty of Applied Economics
Faculty of Sciences. Bioscience Engineering
Publication type
article
Publication
Subject
Physics
Engineering sciences. Technology
Source (journal)
Energies
Volume/pages
8(2015) :9 , p. 9892-9914
ISSN
1996-1073
ISI
000362553000046
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
Abstract
The two core objectives of the Clean Development Mechanism (CDM) are cost-effective emission reduction and sustainable development. Despite the potential to contribute to both objectives, solar projects play a negligible role under the CDM. In this research, the greenhouse gas mitigation cost is used to evaluate the economic and environmental performances of small-scale rural photovoltaic solar projects. In particular, we compare the use of absolute and relative mitigation costs to evaluate the attractiveness of these projects under the CDM. We encourage the use of relative mitigation costs, implying consideration of baseline costs that render the projects profitable. Results of the mitigation cost analysis are dependent on the baseline chosen. To overcome this drawback, we complement the analysis with a multi-objective optimization approach, which allows quantifying the trade-off between economic and environmental performances of the optimal technologies without requiring a baseline.
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Full text (open access)
https://repository.uantwerpen.be/docman/irua/2c6c83/129426.pdf
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