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Abstract
Abstract In the context of combating climate change, renewable energies are considered to play an important role. As these energies are currently not fully competitive compared with conventional power generation technologies, (minimum) quotas have been proposed as one means of overcoming this problem. However, when implementing any instruments at the national level, one should bear in mind that the efficiency of most types of renewable energies is dependent on the location. Thus, leaving the national perspective and investing abroad may result in improved efficiency. Against this background, the integration of the CDM into the European renewable energy policy is proposed.
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