The impact of the clean development mechanism (CDM) on the cost price of wind power electricity : a China study

Zhao, Zhen-yu, Li, Zhi-Wei, & Xia, Bo (2014) The impact of the clean development mechanism (CDM) on the cost price of wind power electricity : a China study. Energy, 69, pp. 179-185.

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As a renewable energy source, wind power is playing an increasingly important role in China’s electricity supply. Meanwhile, China is also the world’s largest market for Clean Development Mechanism (CDM) wind power projects. Based on the data of 27 wind power projects of Inner Mongolia registered with the Executive Board of the United Nations (EB) in 2010, this paper constructs a financial model of Net Present Value (NPV) to analyze the cost of wind power electricity. A sensitivity analysis is then conducted to examine the impact of different variables with and without Certified Emission Reduction (CER) income brought about by the CDM. It is concluded that the CDM, along with static investment and annual wind electricity production, is one of the most significant factors in promoting the development of wind power in China. Additionally, wind power is envisaged as a practical proposition for competing with thermal power if the appropriate actions identified in the paper are made.

Impact and interest:

9 citations in Scopus
8 citations in Web of Science®
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ID Code: 64200
Item Type: Journal Article
Refereed: Yes
Additional URLs:
Keywords: Wind power, Cost, Clean Development Mechanism (CDM), Certified Emission Reductions (CERs) income, China
DOI: 10.1016/
ISSN: 0360-5442
Subjects: Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000)
Divisions: Current > Schools > School of Civil Engineering & Built Environment
Current > QUT Faculties and Divisions > Science & Engineering Faculty
Copyright Owner: Copyright 2013 Elsevier
Copyright Statement: Licensed under the Creative Commons Attribution; Non-Commercial; No-Derivatives 4.0 International. DOI: 10.1016/
Deposited On: 11 Nov 2013 04:22
Last Modified: 01 May 2016 14:20

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