CLEAN DEVELOPMENT MECHANISMS PROJECTS IN THE ELECTRICITY SECTOR
Abstract
European companies that carry out energy activities are more or less significantly affected by the control of Greenhouse Gases - GHG emissions and the need to reduce emissions from their combustion facilities to comply with global, sectoral and specified limitations. the Kyoto Protocol.One way to counteract the excess emissions of its facilities located in European territory is to commit investment projects in the so-called Clean Development Mechanism - CDM.
The Latin American area is a reception center for CDM projects from companies worldwide. Highlighting the high potential that these countries have to develop CDM projects, especially energy, mainly due to the great availability of renewable resources (wind, solar, hydroelectric, biomass, geothermal). Thus, having a magnificent important business opportunity as host countries in the development of CDM project activities.
One of the objectives of the CDM is to support developing countries in technology transfer and promote sustainable development.Understanding by sustainable development, as the economic model that allows satisfying the needs of the present generations without compromising the possibilities of those of the future to meet their own needs; considering the ecological-economic-social aspect to raise the possibility of improving technology andsocial organization so that the environment can recover at the same rate as it is affected by human activity.
The wide portfolio of projects available in all sectors, although especially energy, is a reality and the Peruvian electricity sector is not alien to this trend; Several projects have already requested national approval of their projects to participate in the benefits of the CDM under the Kyoto Protocol.
Notwithstanding the foregoing, it should be noted that the processing of CDM project activities present significant entry barriers, with some factors being aggravated (definition of baseline, demonstration of the principle of additionality, etc.).
