Zero-Marginal-Cost Electricity Market Designs: Lessons Learned From Hydro Systems in Latin America Might Be Applicable for Decarbonization
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Date
2021
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Abstract
Large reductions in the cost of renewable energy technologies, particularly wind and solar, as well as various instruments used to achieve decarbonization targets (e.g., renewable mandates, renewable auctions, subsidies, and carbon pricing mechanisms) are driving the rapid growth of investments in these generation technologies worldwide.
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Keywords
Renewable energy sources, Solar power generation, Low-carbon economy, Wind energy generation