Scaling-up renewable energy in China : economic modeling method and application

Many countries wishing to scale up grid-based renewable energy (RE) introduce policies that set national targets. But such policy decisions must be based on a solid analytical framework that evaluates the optimum economic quantity of grid-based generation that RE sources can produce. Based on these calculations, an optimal mix of policy instruments can be selected to achieve those targets. This note highlights China's successful application of this economic modeling method.