Scaling Up Demand-Side Energy Efficiency Improvements through Programmatic CDM
Improving energy efficiency (EE) is one of the most promising approaches for achieving cost-effective global greenhouse gases (GHG) reductions. However, it is severely underrepresented in the Clean Development Mechanism (CDM) portfolio. Just 10 per...
| Main Authors: | , |
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| Format: | ESMAP Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2007/12/10345779/scaling-up-demand-side-energy-efficiency-improvements-through-programmatic-cdm http://hdl.handle.net/10986/17914 |
| Summary: | Improving energy efficiency (EE) is one
of the most promising approaches for achieving
cost-effective global greenhouse gases (GHG) reductions.
However, it is severely underrepresented in the Clean
Development Mechanism (CDM) portfolio. Just 10 percent of
the emission reduction credits traded in the carbon market
is from EE projects. In particular, small, dispersed,
end-use EE measures-which entail significant GHG mitigation
potential, along with other clear, local, and direct
sustainable development benefits-have been largely bypassed
by the carbon market. The modalities of traditional CDM have
been set for individual, stand-alone, emission reduction
projects that are implemented at a single point in time.
While CDM rules allow "bundling" of several of
these projects together for registration purposes, the
specific sites where they will occur must be known ex-ante
and they must all occur at the same point in time. These
conditions generally cannot be met by most dispersed
demand-side EE programs, whose emission reductions occur
over a period of time and in numerous locations
(households/industries/cities). In addition, participants in
energy-efficiency programs may not be known at the outset
because the program may depend on gradual take-up of incentives. |
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