Measures
Pursuance of high renewable power share through cost-effective pathways
Renewable capacity has increased significantly across the globe amid climate change concerns. The decarbonization of the power sector is generally regarded as the low-hanging fruit, as the cost of renewable power technologies decreases rapidly over the past decade. With the electricity constituting around a quarter of the total fuel consumption and more than 42 per cent of the GHG emissions in 2018, decarbonizing the electricity supply provides a quick decarbonization pathway, reaching a substantial GHG emissions reduction while providing financial benefits. NEXSTEP proposes four different pathways that may be considered in decarbonizing the electricity supply.
Renewable energy auction may be the most cost-effective and efficient option, whereby contracts and agreements are awarded through competitive bidding. While the renewable energy auction mechanism and its associated standards are set at the national level, Surat Thani can work with the central government to implement RE auctions at the province level, with the help of the central government.
Renewable capacity has increased significantly across the globe amid climate change concerns. The decarbonization of the power sector is generally regarded as the low-hanging fruit, as the cost of renewable power technologies decreases rapidly over the past decade. With the electricity constituting around a quarter of the total fuel consumption and more than 42 per cent of the GHG emissions in 2018, decarbonizing the electricity supply provides a quick decarbonization pathway, reaching a substantial GHG emissions reduction while providing financial benefits. NEXSTEP proposes four different pathways that may be considered in decarbonizing the electricity supply.
Renewable energy auction may be the most cost-effective and efficient option, whereby contracts and agreements are awarded through competitive bidding. While the renewable energy auction mechanism and its associated standards are set at the national level, Surat Thani can work with the central government to implement RE auctions at the province level, with the help of the central government.
Group
Scenario