Publication:
Promoting Renewable Energy through Auctions : The Case of China

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dc.contributor.authorWang, Xiaodong
dc.contributor.authorBarroso, Luiz
dc.contributor.authorElizondo, Gabriela
dc.date.accessioned2014-06-17T15:49:37Z
dc.date.available2014-06-17T15:49:37Z
dc.date.issued2014-06-13
dc.description.abstractThis knowledge note singles out auctions as an important mechanism that has been implemented in a growing number of countries in recent decades. It features a case study of auctions designed to promote the generation of electricity from renewable sources in China. Although feed-in tariffs are now the cornerstone of China's renewable energy policy, auctions have played and continue to play a role in identifying market prices for renewable energy in the country. Experience with the auctioning of wind and solar concessions enabled the Chinese authorities to modify auctions over time to yield accurate information about the costs of generation from renewable sources, allowing them to set feed-in tariffs at efficient levels. This case study is interesting, because China has set aggressive renewable energy targets and introduced policy incentives for rapid market development. Initial renewable energy prices showed significant variation, and the government s targets were not achieved prior to 2005. The most important milestone in the development of renewable energy in China was the 2005 Renewable Energy Law. China has applied successive adjustments to concessions auctions to improve their usefulness in setting appropriate feed-in tariffs. The key lesson from China's experience with auctioning of concessions is that winning bid prices that are lower than actual costs wind up deterring the development of renewable energy.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/06/19670594/promoting-renewable-energy-through-auctions-case-china
dc.identifier.doi10.1596/18676
dc.identifier.urihttps://hdl.handle.net/10986/18676
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesLive Wire, 2014/14
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO ELECTRICITY
dc.subjectAPPROACH
dc.subjectBASES
dc.subjectBIOMASS
dc.subjectBIOMASS ENERGY
dc.subjectBIOMASS FUEL
dc.subjectBLACK CARBON
dc.subjectBOTTOM LINE
dc.subjectBURNING COAL
dc.subjectCARBON
dc.subjectCARBON DIOXIDE
dc.subjectCLIMATE
dc.subjectCLIMATE CHANGE
dc.subjectCO
dc.subjectCO2
dc.subjectCO2 EMISSIONS
dc.subjectCOAL
dc.subjectCOMBUSTION
dc.subjectCONVENTIONAL ELECTRICITY
dc.subjectDISTRIBUTION OF ENERGY
dc.subjectELECTRICITY
dc.subjectELECTRICITY BILLS
dc.subjectELECTRICITY PRICES
dc.subjectEMISSIONS
dc.subjectENERGY CONSUMERS
dc.subjectENERGY CONSUMPTION
dc.subjectENERGY COSTS
dc.subjectENERGY DATA
dc.subjectENERGY ECONOMICS
dc.subjectENERGY EFFICIENCY
dc.subjectENERGY GENERATION
dc.subjectENERGY LAW
dc.subjectENERGY MARKETS
dc.subjectENERGY MIX
dc.subjectENERGY PRICES
dc.subjectENERGY PROGRAMS
dc.subjectENERGY SECTOR
dc.subjectENERGY SYSTEMS
dc.subjectFOSSIL
dc.subjectFOSSIL FUEL
dc.subjectFOSSIL FUELS
dc.subjectFUEL PRICE
dc.subjectFUEL PRICES
dc.subjectGAS
dc.subjectGENERATION
dc.subjectGREENHOUSE
dc.subjectGREENHOUSE GAS
dc.subjectGREENHOUSE GAS EMISSIONS
dc.subjectGREENHOUSE GAS INVENTORY
dc.subjectGREENHOUSE GASES
dc.subjectGRID
dc.subjectGRID COMPANIES
dc.subjectHEAT
dc.subjectHEAT GENERATION
dc.subjectHYDROPOWER
dc.subjectINCOME
dc.subjectMETHANE
dc.subjectNUCLEAR ENERGY
dc.subjectOFFSHORE WIND
dc.subjectOIL
dc.subjectPETROLEUM
dc.subjectPHOTOVOLTAIC CAPACITY
dc.subjectPIPELINE
dc.subjectPOWER BUSINESS
dc.subjectPOWER GENERATION CAPACITY
dc.subjectPOWER GENERATORS
dc.subjectPOWER PLANTS
dc.subjectPRICE VOLATILITY
dc.subjectPRIMARY ENERGY
dc.subjectPRIMARY ENERGY SUPPLY
dc.subjectRENEWABLE ENERGY
dc.subjectRENEWABLE ENERGY CAPACITY
dc.subjectRENEWABLE ENERGY DEVELOPMENT
dc.subjectRENEWABLE ENERGY INDUSTRIES
dc.subjectRENEWABLE ENERGY MARKET
dc.subjectRENEWABLE ENERGY POLICY
dc.subjectRENEWABLE PORTFOLIO STANDARD
dc.subjectRENEWABLE SOURCES
dc.subjectSOLAR POWER
dc.subjectSOLAR RESOURCE
dc.subjectSOLAR THERMAL
dc.subjectSOURCE OF ENERGY
dc.subjectTARIFF LEVELS
dc.subjectTRANSMISSION SYSTEM
dc.subjectUTILITIES
dc.subjectWASTE
dc.subjectWIND
dc.subjectWIND DEVELOPMENT
dc.subjectWIND ENERGY
dc.subjectWIND POWER
dc.subjectWIND POWER CAPACITY
dc.subjectWIND POWER GENERATION
dc.subjectWIND RESOURCE
dc.subjectWIND SITES
dc.subjectWIND-POWER
dc.subjectWORLD ENERGY
dc.titlePromoting Renewable Energy through Auctions : The Case of Chinaen
dc.typeBriefen
dc.typeFichefr
dc.typeResumenes
dspace.entity.typePublication
okr.crosscuttingsolutionareaClimate Change
okr.date.disclosure2014-06-13
okr.date.doiregistration2025-04-29T09:11:17.161084Z
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2014/06/19670594/promoting-renewable-energy-through-auctions-case-china
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeEnergy and Extractives
okr.globalpracticeEnergy and Extractives
okr.guid984601468028777770
okr.identifier.externaldocumentum090224b082b6ad5f_2_0
okr.identifier.internaldocumentum19670594
okr.identifier.report88697
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/06/13/000456286_20140613154552/Rendered/PDF/886970BRI0Live00Box385194B00PUBLIC0.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryChina
okr.topicEnvironment::Climate Change Mitigation and Green House Gases
okr.topicEnergy::Energy and Environment
okr.topicPower and Energy Conversion
okr.topicEnergy::Energy Production and Transportation
okr.topicEnvironment::Environment and Energy Efficiency
okr.unitEnergy Unit (SEGEN)
relation.isSeriesOfPublication98e5571a-7cc0-440c-8455-78cc32cc387a
relation.isSeriesOfPublication.latestForDiscovery98e5571a-7cc0-440c-8455-78cc32cc387a
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