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Scaling Up Renewable Energy in China: Economic Modeling Method and Application

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Richard Spencer, Peter Meier, Noureddine Berrah
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This case study highlights China’s successful application of an economic modelling method in scaling up grid-based renewable energy. Policy decisions should be based on a solid analytical framework that evaluates the optimum economic quantity of grid-based generation that renewable energy sources can produce. This resource provides the steps necessary to quantify benefits, as well as to determine the most effective policy instruments for implementing renewable energy.