title: The financial attractiveness assessment of large waste management projects registered as clean development mechanism.
abstract: This study illustrates the financial analyses for demonstration and assessment of additionality presented in the project design (PDD) and enclosed documents of the 431 large Clean Development Mechanisms (CDM) classified as the 'waste handling and disposal sector' (13) over the past ten years (2004-2014). The expected certified emissions reductions (CER) of these projects total 63.54 million metric tons of CO2eq, where eight countries account for 311 projects and 43.36 million metric tons. All of the projects declare themselves 'not financially attractive' without CER with an estimated sum of negative results of approximately a half billion US$. The results indicate that WM benchmarks and indicators are converging and reducing in variance, and the sensitivity analysis reveals that revenues have a greater effect on the financial results. This work concludes that an extensive financial database with simple standards for disclosure would greatly diminish statement problems and make information more comparable, reducing the risk and capital costs of WM projects.
authors.affiliation: Energy Planning Program, Universidade Federal do Rio de Janeiro PPE/COPPE/UFRJ, Brazil. Electronic address: bufoni@facc.ufrj.br.
authors.forename: André Luiz
authors.initials: AL
authors.lastname: Bufoni
authors.affiliation: International Virtual Institute of Global Changes IVIG/COPPE/UFRJ, Brazil.
authors.forename: Luciano Basto
authors.initials: LB
authors.lastname: Oliveira
authors.affiliation: Energy Planning Program, Universidade Federal do Rio de Janeiro PPE/COPPE/UFRJ, Brazil.
authors.forename: Luiz Pinguelli
authors.initials: LP
authors.lastname: Rosa
mesh_terms: D056804:Biofuels; D002201:Capital Expenditures; D003365:Costs and Cost Analysis; D008372:Manure; D010934:Planning Techniques; D064091:Waste Disposal Facilities; D018505:Waste Management / Q000191:economics* / Q000379:methods / Q000706:statistics & numerical data*
chemical_list: D056804:Biofuels; D008372:Manure
keywords: Attractiveness; Benchmark; CDM; Finance; Kyoto; Return