Promotion of renewable energy has become one important priority in the political agenda worldwide. However, financing of renewable energy projects, especially the small-scale ones, is not always streamlined and banks may not always be willing to invest in such projects. This fact is accentuated...

This paper attempts to shed some light to the relationship between new mechanisms to mitigate climate change and promote renewable energy generation, and the General Agreement on Trade in Services (GATS). Trade in Renewable Energy Certificates (RECs) is a market-based scheme that promotes energy...