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Energies 2015, 8(9), 9892-9914; doi:10.3390/en8099892

Economic and Environmental Performances of Small-Scale Rural PV Solar Projects under the Clean Development Mechanism: The Case of Cambodia

1
Centre for Environmental Sciences, Hasselt University, Martelarenlaan 42, 3500 Hasselt, Belgium
2
Blonk Consultants, Gravin Beatrixstraat 34, 2805 PJ Gouda, The Netherlands
3
Department of Geography, Ghent University, 9000 Ghent, Belgium
4
Department of Engineering Management, University of Antwerp, Prinsstraat 13, 2000 Antwerp, Belgium
*
Author to whom correspondence should be addressed.
Academic Editor: Mark Deinert
Received: 24 June 2015 / Revised: 25 August 2015 / Accepted: 2 September 2015 / Published: 11 September 2015
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Abstract

The two core objectives of the Clean Development Mechanism (CDM) are cost-effective emission reduction and sustainable development. Despite the potential to contribute to both objectives, solar projects play a negligible role under the CDM. In this research, the greenhouse gas mitigation cost is used to evaluate the economic and environmental performances of small-scale rural photovoltaic solar projects. In particular, we compare the use of absolute and relative mitigation costs to evaluate the attractiveness of these projects under the CDM. We encourage the use of relative mitigation costs, implying consideration of baseline costs that render the projects profitable. Results of the mitigation cost analysis are dependent on the baseline chosen. To overcome this drawback, we complement the analysis with a multi-objective optimization approach, which allows quantifying the trade-off between economic and environmental performances of the optimal technologies without requiring a baseline. View Full-Text
Keywords: mitigation cost; multi-objective optimization; solar lantern; solar home system; LCA; CDM mitigation cost; multi-objective optimization; solar lantern; solar home system; LCA; CDM
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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MDPI and ACS Style

De Schepper, E.; Lizin, S.; Durlinger, B.; Azadi, H.; Van Passel, S. Economic and Environmental Performances of Small-Scale Rural PV Solar Projects under the Clean Development Mechanism: The Case of Cambodia. Energies 2015, 8, 9892-9914.

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