Document Type
Article
Publication Title
KLRI Journal of Law and Legislation
Abstract
In the next decade, there will be unprecedented, extensive investment in electrification in developing nations. Once installed, those generation facilities will remain in place for 40 years or longer. The Kyoto Clean Development Mechanism (“CDM”) is primarily encouraging CDM projects outside the electric sector, which raises questions about their longevity of impact on CO2 reduction. With extensive commitments now to the new Green Climate Fund, more attention to best legal practices for green electrification options becomes more important. Since the power industry is a regulated industry in every country, legislative and regulatory initiatives that incorporate “best practices” for encouraging renewable power have a profound impact on the energy sector of the economy in all countries.
This article focuses on what legal and regulatory structure for small renewable power has been successful in developing countries in Asia, the continent with the greatest electricity demand growth rate in the world. It highlights “best practices” and successful regulatory protocols to monetize the value of incentives that promote smaller renewable power in the Asian electric sector, as well as leveraging the CDM components of the Kyoto Protocol for developing countries internationally. It analyzes several countries’ initiatives in detail and compares the regulatory structure, power purchase agreements, and tariff designs for independent renewable power development in these Asian countries. It highlights original program details, subsequent modifications, and key elements of the countries’ power sector or renewable power initiatives which make that country an important model or initiative to note. This experience yields lessons applicable to all international political systems for a successful basic legal model for electric infrastructure to contribute to long-term electric sector goals and simultaneously mitigate climate change.
First Page
401
Last Page
460
Publication Date
10-2-2013
Recommended Citation
Steven Ferrey, Administrative Restructuring and Renewable Energy: Best Legal Practices in Developing Economies, 3 KLRI J. of L. and Leg. 401 (2013).
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