Bücher von Peter Wiedenhoff

While the trading prices of issued Certified Emission Reductions (CERs) within theEuropean Union Emissions Trading Scheme (EU-ETS) are transparent, there is limitedknowledge about the actual origination cost of Clean Development Mechanism (CDM)projects. Minimum CER prices required for financial viability of a CDM project ideadefine a measure for CDM cost effectiveness and indicate the floor price for projectparticipation. As CDM projects are located in developing countries, they face substantialimplementation and performance risks that need to be considered for CDM costeffectiveness calculation. As existing studies primarily focus on qualitative riskassessment, there is a lack of a monetary evaluation of risk impact on CDM originationcost and CER floor price.