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Carbon Finance and Solar Water Heating Technology (2004)
This document (from 2004) explores the potential of carbon finance to boost markets for solar water heating (SWH) technology in developing countries. It also introduces many of the barriers that have traditionally prevented SWH from gaining a foothold in the residential and commercial energy sectors.
Through the lens of five case studies of countries that have active SWH markets –Barbados, China, India, Mexico, and South Africa – it assesses the state of the SWH market in those countries and seeks to find more precise possible synergistic relationships between those markets and carbon finance.
This study concludes that carbon finance can contribute effectively to overcome barriers to the broader adoption of SWH, namely the high up-front investment and, therefore, increase the viability and profitability of SWH business activities.