Realizing the Economic Benefit of CDM for Geothermal Energy
- Key words
- Geothermal Energy; Darajat III; Carbon Credits; CDM; Greenhouse Gas; Indonesia
- Location
- Darajat, Indonesia; Java
- Conference
- Geothermal Resources Council Transactions
- Year
- 2009
- Session
- Economics; Financing; Business administration; Industry stan
- Language
- English
Abstract
The Darajat III Geothermal Power Project was registered with the United Nations Framework Convention on Climate Change (UNFCCC) as Clean Development Mechanism (CDM) Project No. 0673 in December, 2006. The process leading to Validation and the first Verification were time-consuming, and required substantial expenditure of effort. However, the experiences gained provided valuable learning that will be applied on future projects.
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