The levelized costs of electricity generation by the CDM power projects
Autor: | Erik Haites, Randall Spalding-Fecher, Grant A. Kirkman, Shaikh M. Rahman |
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Rok vydání: | 2018 |
Předmět: |
business.industry
020209 energy Mechanical Engineering 02 engineering and technology Building and Construction 010501 environmental sciences Environmental economics 01 natural sciences Pollution Industrial and Manufacturing Engineering Renewable energy Economies of scale Clean Development Mechanism General Energy Electricity generation 0202 electrical engineering electronic engineering information engineering Kyoto Protocol Business Electricity Electrical and Electronic Engineering Cost of electricity by source Average cost 0105 earth and related environmental sciences Civil and Structural Engineering |
Zdroj: | Energy. 148:235-246 |
ISSN: | 0360-5442 |
DOI: | 10.1016/j.energy.2018.01.144 |
Popis: | This paper examines the costs of electricity generation by the power projects under the Clean Development Mechanism (CDM) of the Kyoto Protocol. Using the CDM project-specific data, the levelized cost of electricity (LCOE) for each project is calculated. Based on the calculated LCOEs, an electricity cost function is estimated and the average cost curves for different renewable technologies, project locations, and time are derived. The results show that LCOE decreases, at a decreasing rate, with the scale and duration of the projects while the degree of economies of scale and time significantly vary across different technologies and locations. Results further show that the distribution of power projects in the CDM energy portfolio or a given location does not quite follow the relative cost structure for different technologies. Also, the distribution of different types of projects across different regions or host countries does not strictly follow the relative average costs for different locations. As the power projects under the CDM earn additional revenues from the sales of Certified Emissions Reduction credits (CERs), the CDM enables renewable electricity to be more competitive which crucially depends on CER prices, costs of CER issuance, and the length of crediting period. |
Databáze: | OpenAIRE |
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