气候变化领域集成服务门户(CCPortal): Auctions to phase out coal power: Lessons learned from Germany

CCPortal

DOI	10.1016/j.enpol.2022.113387
	Auctions to phase out coal power: Lessons learned from Germany
	Tiedemann, Silvana; Mueller-Hansen, Finn
发表日期	2023
ISSN	0301-4215
EISSN	1873-6777
卷号	174 页码:13
英文摘要	This study assesses the extent to which auctions for compensation payments are a suitable policy instrument for ending coal-fired power generation at minimum cost and thus achieving national climate targets. Germany is the first country to apply such a market-based mechanism. Evaluating the effectiveness and efficiency of the auction, we find that the first five of seven auction rounds will retire 10 GW of coal-fired capacity at a cost of 68 +/- 5 EUR/ kW, corresponding to an additional carbon price of 2.4 +/- 0.2 EUR/tCO2. The possibility of administratively shutting down power plants from 2024 and a decreasing ceiling price have ensured that average compensation payments are well below the ceiling price, and low compared to other policies, even though there was no competition in two of five auction rounds. As the government cancels the freed emission allowances, the policy will result in lower emissions, even though the carbon intensity of the German coal power fleet increased slightly by 2%. Thus, the German auctions can serve as a model for national phase-out strategies in countries with similar institutional frameworks and provide a reference case for integrating conflicting policy objectives into auctions.
英文关键词	Coal phase-out; Power sector; Auction; Compensation payment; Capacity mix; Carbon intensity
学科领域	Economics; Energy & Fuels; Environmental Sciences; Environmental Studies
语种	英语
WOS研究方向	Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
WOS记录号	WOS:000935344200001
来源期刊	ENERGY POLICY
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/272072
推荐引用方式 GB/T 7714	Tiedemann, Silvana,Mueller-Hansen, Finn. Auctions to phase out coal power: Lessons learned from Germany[J],2023,174:13.
APA	Tiedemann, Silvana,&Mueller-Hansen, Finn.(2023).Auctions to phase out coal power: Lessons learned from Germany.ENERGY POLICY,174,13.
MLA	Tiedemann, Silvana,et al."Auctions to phase out coal power: Lessons learned from Germany".ENERGY POLICY 174(2023):13.