Abstract
This chapter begins with intriguing examples of the potential of profits made with sales of greenhouse gas (GHG) reduction credits in financing green infrastructure projects, such as renewable power plants and subway systems.
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Notes
- 1.
US$ 4.7 billion means US$ 4,700,000,000. Capital expenditure of the Jirau hydro power plant is estimated to be 9871 million BRL as of 26 December 2012. For further details, see Clean Development Mechanism-Executive Board (2012c, 2 and 42–44).
- 2.
In 2014, the price of GHG in Europe was US$ 8 per metric tonne. It was US$ 9 per metric tonne in North America, US$ 66 per metric ton in Japan and US$ 107 per metric ton in Russia. See, International Energy Agency (2015a, 24).
- 3.
International Energy Agency (2015b, 42). This is an assumed price under current policy scenarios of the EU, taking into account investment decisions, reflecting the expectation that some form of action is or will be taken to penalize GHG emission in the future. In the scenario of limiting the rise in the global average temperature to below 2°C above pre-industrial levels, the GHG price of the EU is expected to rise from US$ 22 in 2020, US$ 100 in 2030 to US$ 140 in 2040.
- 4.
Clean Development Mechanism-Executive Board (2011b, 2 and 14). The foreign exchange rate at the date of the registration is applied in order to convert CNY to the US dollar.
- 5.
Clean Development Mechanism-Executive Board (2012a, 27–28). The foreign exchange rate at the date of registration is applied in order to convert MXN to the US dollar.
- 6.
The foreign exchange rate at the date of the registration is applied in order to convert MXN to the US dollar.
- 7.
The foreign exchange rate at the date of the registration is applied in order to convert CNY to the US dollar.
- 8.
The USC coal-fired power plant with the capacity of 2000 MW is estimated to produce 8.8 million metric tons of GHG per year, while SC coal-fired power plant with a similar capacity is estimated to produce 9.1 million metric tons of GHG per year.
References
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Koh, J.M. (2018). Seedlings of Change. In: Green Infrastructure Financing . Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-71770-8_1
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DOI: https://doi.org/10.1007/978-3-319-71770-8_1
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