Do I hear $2 billion? Using Auctions to Attract Investment in Clean Energy & Climate Projects

Do I hear $2 billion? Using Auctions to Attract Investment in Clean Energy & Climate Projects

10:30, Friday, 11 November

US Center, COP22

Across the globe, online auctions have mobilized billions of dollars in private investment for large-scale renewable energy, waste management, and other projects that curb greenhouse gas emissions. But how exactly do these auctions work?

This session will feature an interactive auction game - illustrating the concepts, mechanics, and efficiencies of auctions, followed by a panel of government and business leaders discussing their real-world experiences in auction design and implementation. The panelists will discuss large renewable energy auctions in countries such as Mexico as well as smaller-scale auctions conducted via the World Bank’s Pilot Auction Facility for Methane and Climate Change Mitigation.

Industry experts will join auction hosts and bidders in debating what makes a successful auction, while trying to answer the billion dollar question: how can auctions be scaled up to mobilize still more investment in renewables, energy efficiency, methane capture and other projects that support commitments under the Paris Agreement?