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Uncertainty in financing of the Clean Development Mechanism projects

Costromitcaia, Irina LU (2008) IMEN41 20081
The International Institute for Industrial Environmental Economics
Abstract
The research investigates the market and policy conditions that inhibit energy efficiency in
the household sector in the context of the CDM undermining its financial and
environmental performance and creating uncertainties in the CDM project financing. The
contribution to the practical illustration of the uncertainty impact on the project
performance is undertaken by the economic and barrier analyses and building of the
alternative performance scenarios for the CDM project on Energy Conservation and
Greenhouse Gases Emissions Reduction, implemented in the Republic of Moldova. The
present study contributes to an evaluation of the possible consequences of the market and
policy conditions for the ex-post results of the project... (More)
The research investigates the market and policy conditions that inhibit energy efficiency in
the household sector in the context of the CDM undermining its financial and
environmental performance and creating uncertainties in the CDM project financing. The
contribution to the practical illustration of the uncertainty impact on the project
performance is undertaken by the economic and barrier analyses and building of the
alternative performance scenarios for the CDM project on Energy Conservation and
Greenhouse Gases Emissions Reduction, implemented in the Republic of Moldova. The
present study contributes to an evaluation of the possible consequences of the market and
policy conditions for the ex-post results of the project compared to its development
scenario constructed ex-ante. The research confirmed the relevance of addressing the
market and non-market conditions at the preparation stage of the CDM project cycle to
minimize the negative consequences of their fluctuations for the project’s financial and
environmental results. The study proposes some solutions to reduce the uncertainties in the
CDM project financing and contributes to closing the gap in the knowledge on the real
performance of small-scale CDM energy efficiency and fuel switch projects in public
buildings. The findings of the research can be used during the project design stage in order
to take into account possible obstacles and benefits that may influence further project
performance and ensure the project against underperformance. Further research on both
real performance and methodological implications is needed for gaining better
understanding of how the CDM energy efficiency in household sector can be further
developed in the conditions of risk and uncertainty to its possible achievement of predesigned
financial and environmental goals. (Less)
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author
Costromitcaia, Irina LU
supervisor
organization
course
IMEN41 20081
year
type
H2 - Master's Degree (Two Years)
subject
keywords
Clean Development
language
English
id
1481100
date added to LUP
2009-09-29 12:59:50
date last changed
2009-09-29 12:59:50
@misc{1481100,
  abstract     = {The research investigates the market and policy conditions that inhibit energy efficiency in
the household sector in the context of the CDM undermining its financial and
environmental performance and creating uncertainties in the CDM project financing. The
contribution to the practical illustration of the uncertainty impact on the project
performance is undertaken by the economic and barrier analyses and building of the
alternative performance scenarios for the CDM project on Energy Conservation and
Greenhouse Gases Emissions Reduction, implemented in the Republic of Moldova. The
present study contributes to an evaluation of the possible consequences of the market and
policy conditions for the ex-post results of the project compared to its development
scenario constructed ex-ante. The research confirmed the relevance of addressing the
market and non-market conditions at the preparation stage of the CDM project cycle to
minimize the negative consequences of their fluctuations for the project’s financial and
environmental results. The study proposes some solutions to reduce the uncertainties in the
CDM project financing and contributes to closing the gap in the knowledge on the real
performance of small-scale CDM energy efficiency and fuel switch projects in public
buildings. The findings of the research can be used during the project design stage in order
to take into account possible obstacles and benefits that may influence further project
performance and ensure the project against underperformance. Further research on both
real performance and methodological implications is needed for gaining better
understanding of how the CDM energy efficiency in household sector can be further
developed in the conditions of risk and uncertainty to its possible achievement of predesigned
financial and environmental goals.},
  author       = {Costromitcaia, Irina},
  keyword      = {Clean Development},
  language     = {eng},
  note         = {Student Paper},
  title        = {Uncertainty in financing of the Clean Development Mechanism projects},
  year         = {2008},
}