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Clean Repowering: A Near-Term, IRA-Powered Energy Transition Accelerant
The RMI report 'Clean Repowering: A Near-Term, IRA-Powered Energy Transition Accelerant' identifies a strategy called 'clean repowering'—siting new clean electricity generation and storage at the same point of interconnection as existing or retiring fossil generators—to bypass interconnection delays and leverage Inflation Reduction Act (IRA) incentives in the United States.
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Document type: Report
WHOLESALE ELECTRICITY MARKET DESIGN FOR RAPID DECARBONIZATION: A DECENTRALIZED MARKETS APPROACH
The research paper proposes a wholesale electricity market design to facilitate rapid decarbonization by combining a centralized regional spot market for short-term efficiency with decentralized forward procurement for long-term investment. The authors argue that this approach minimizes the risks of over-investment and political interference associated with centralized capacity markets while leveraging public policy instruments to internalize carbon externalities.
AI-generated
This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.
Document type: Research paper