Abstract
The Republic of Albania ratified the United National Framework Convention on Climate Change (UNFCCC) in October 1994 and the Kyoto Protocol in December 20041 as a non-Annex I party to the Convention. In 2005, the Ministry of Environment, Forests and Water Administration has been designated to the Secretariat of the UNFCCC as a Designated National Authority (DNA) for the CDM.
Taking into account that two basic preconditions for implementation of the Clean Development Mechanism in the country are fulfilled, it could be concluded that Albania holds the necessary potential to be considered an attractive opportunity in terms of carbon finance. However, due to the low mitigation potential and relatively bad investment climate, initially Albania was labeled by some analysts as non-attractive for non-sink CDM projects.2 Nevertheless, the experience of the Task Force for Central and Eastern Europe, Ministry for Environment, Land and Sea of Italy, shows that there is a significant interest in investing in CDM projects in this country.
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Notes
- 1.
Law No. 9334 of 16 December 2004.
- 2.
M. Jung, Host country attractiveness for CDM non-sink projects 2005; HWWA Discussion Paper 312, 2005.
- 3.
Electricity Regulatory Entity, Annual Report, 2007.
- 4.
Italian Ministry for the Environment, Land and Sea, Assessment of the Projects Potential in the fields of renewable Energy Sources, Energy Efficiency, and Forestry Management in the Framework of Clean Development Mechanism of the Kyoto Protocol in Albania (Portfolio for Albania), 2007. The portfolio is available at http://www2.minambiente.it/pdf_www2/CDM_Portfolio_Balcani_2007/CDM_Portfolio_Albania/cdm_portfolio_albania_EN_07_10_07.pdf.
- 5.
On the portfolio see Chapter 10 by I. Radulovic and T. Kosec, The Identification of the CDM Potential in the Western Balkans.
- 6.
Ministry of Industry and Energy, National Agency of Energy, National Strategy of Energy, 2003.
- 7.
Agrotec Consortium. Assessment of opportunities and operational implications for developing additional carbon financing activities, Report, 2005.
- 8.
US Department of State. Investment Climate Statement, 2006.
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Kosec, T., Sutic, R.V., Radulovic, I. (2010). CDM Projects Experience in Albania. In: Montini, M. (eds) Developing CDM Projects in the Western Balkans. Springer, Dordrecht. https://doi.org/10.1007/978-90-481-3392-5_11
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DOI: https://doi.org/10.1007/978-90-481-3392-5_11
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