In this method, finance agreement, protocols and certifications would provide and guarantee a certain level of uniformity and reduce transaction costs.
21 Hagler Bailly Consulting, Inc. 1996a, 3-9.
22 OECD 1997a, 58.
However, there are certain contract structures typical for EE field that are applicable mainly in the USA and Europe. Other countries cannot easily adapt such structures without having similar environments as developed countries. 'Legal and contractual issues become more important because this structure rests on an extensive network of contracts detailing the relationship of the parties.'24 In countries with flawed institutional and legal frameworks this may be problematic.
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Renewable energy is energy that is generated from sunlight, rain, tides, geothermal heat and wind. These sources are naturally and constantly replenished, which is why they are deemed as renewable. The usage of renewable energy sources is very important when considering the sustainability of the existing energy usage of the world. While there is currently an abundance of non-renewable energy sources, such as nuclear fuels, these energy sources are depleting. In addition to being a non-renewable supply, the non-renewable energy sources release emissions into the air, which has an adverse effect on the environment.