期刊名称：Journal of Sustainable Development of Energy, Water and Environment Systems
电子版ISSN：1848-9257
出版年度：2014
卷号：2
期号：2
页码：152-173
DOI：10.13044/j.sdewes.2014.02.0014
语种：English
出版社：International Centre for Sustainable Developmen of Energy, Water and Environment Systems
摘要：In the past, industrialized countries have invested in or financed numerous renewable energy projects in developing countries, primarily through the Clean Development Mechanism (CDM) of the Kyoto Protocol. However, critics have pointed to its bureaucratic structure, problems with additionality and distorted credit prices as ill-equipped to streamline renewable energy investment. In this paper, we simulate the impact of policy on investment decisions on whether or not to invest in wind energy infrastructure in India, Brazil and China. Data from 2,578 past projects as well as literature on investor behaviour is used to inform the model structure and parameters. Our results show that the CDM acts differently in each country and reveal that while streamlining the approval process and reconsidering additionality can lead to non-trivial increase in total investment, stabilizing policy and decreasing investment risk will do the most to spur investment.
关键词：Agent-based modelling; Clean Development Mechanism; Energy finance; Renewable energy; Simulation; Wind power
