Banks Financing of Solar Water Heaters Projects in the Clean Development Mechanism (Com) for Achieving Greenhouse Gas Emission Reductions

Abstract

Solar Water Heaters (SWH) replace fossil fuels for water heating. Thus they help reduce Greenhouse Gas emissions. Therefore, use of this appliance, in principle, qualifies as a COM project. However a single solar water heater system is a very small unit to generate sufficient CERs to be pursued as a COM project. Therefore several units need to be bundled and/or implemented as a programme, using an appropriate methodology and monitoring and verification protocol, in order to have a financially viable COM project.