Stavy, Michael, The Effect That the Kyoto Protocol Will Have on the Cost of Wind Power in the Signatory Countries, 2002 Global WindPower Conference, 2-5 April, Paris, France,
Green House Gases (GHG) emissions are causing global warming. This paper focuses on carbon dioxide (CO2) emissions, the major GHG. The paper discusses the effect that the Kyoto Protocol will have on the cost of wind electricity in signature countries. Burning fossil fuels to generate electricity creates CO2 air emissions. Wind generated electricity has no CO2 emissions. At the 1992 “Earth Summit” in Rio, the UN FCCC was adopted by the earth’s nations. At the 1997 COP-3 in Kyoto, a Protocol to the FCCC was adopted. The Kyoto Protocol sets a time period (commitment period) by which certain signature (Annex I) nations must reduce the amount (assigned amounts) of GHG emissions that they can emit. The paper first studies the Kyoto Protocol provisions for international bubbles, international emissions trading, joint implementation (JI), the clean development mechanism (CDM), and wind electricity. The Kyoto Protocol allows each Annex I nation to design its own GHG emission control system. The paper next discusses wind and the major GHG emission architectures; cap and command, cap and trade and carbon tax. At the end of the paper is a summary of the effect that the Protocol will have on the cost of wind power.