Power Market Sophistication and Sector Outcomes: A Focus on Social Performance, Electricity Reliability, and Renewable Energy Penetration

Abstract

The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.

Assessing the Impact of Renewable Energy Policies on Decarbonization in Developing Countries

“…Our most closely related study is Doumbia (2021), which analyzes the relationship between the degree of a power market's competitiveness and power sector outcomes in developing countries, including renewable energy penetration. However, unlike our study, Doumbia (2021) does not address endogeneity issues, and their analysis is limited to conditional correlations.…”