This report provides updates on auctions as a mechanism for price discovery and market development. Chapter 1 gives the highlights of renewable energy auctions held or announced in 2016. Chapter 2 reviews the main trends and analyses the evolution of prices resulting from auctions.
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From the executive summary: “This study indicates there are major challenges ahead for Ethiopia to finance its response to climate change. The national Climate Resilient Green Economy strategy has called for annual spending of USD 7.5 billion to respond to climate change.