Financial Feasibility For The Sale of Certificates of Reduced Emissions (CER’s) In Carbon Markets, Using The Analytical Hierarchical Process (AHP). Wind Power Energy Case
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 2
Abstract
Observing the current situation of energy in Paraguay while the Kyoto Protocol was in force and taking into account the almost zero International presence in the Energy Project Certification process. The results of the National Energy Balance prepared by the National Electricity Administration (ANDE), in which it is concluded that hydraulic energy would be available to cover the load demand until the year 2035, makes it necessary to search for new alternatives for the generation of electrical power [15].The purpose of this article is to demonstrate the financial feasibility of the sale of Certificates of Reduced Emissions (CERs). In order to certify energy projects of electricity generation in which the use of unconventional energy (Wind Power Energy) is proposed. This energy will be coming from a Park of Wind Energy with a power of 46MWe. It will be searched the most convenient carbon market for the sale of certificates using the Hierarchical Analysis Process (AHP) as a tool [13].The Certification Mechanism and the Legal Framework under which the sales of CERs in Carbon Markets will be governed are not yet defined. It is estimated that it will be so until 2020, according to the conclusions resolved during the Conference of Parties (COP21 ).This event took place in the City of Paris (France) in the month of December of the year 2015. However, for a more comprehensive analysis, the Clean Development Mechanism (CDM) will be used as a mechanism for certification. It is important to take into account that while it was in force in developing countries, it was the most used mechanism according to the Economic Commission's indicators, for Latin America and Caribbean (LAC)
Authors and Affiliations
Felipe Mitjans, Jean Pulfer, Daisy Cañiza
Keywords
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- EP ID EP409627
- DOI 10.9790/487X-2002033340.
- Views 77
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