evidence: Coal power plant decommissioning is part of a multifaceted exercise in which auctions can play an important supporting role. The report provides a framework to help stakeholders understand the potential role of auctions in the coal-to-clean energy transition. This framework suggests the likelihood of a coal-to-clean transition in the near term is a first-order question. After this is determined, it is important to ensure there are enough bidders (and thus, sufficient competition) for an effective auction and the auction product is sufficiently attractive (considering any significant barriers to and incentives for bidder participation). [...] Given the speed and scope of the transformation needed and the scarcity of public funds, it is important to allocate resources efficiently to ensure the energy transition is feasible on an ongoing basis. Auctions represent an opportunity to determine the "price" of coal power plant closures through competition and accordingly allocate funding to minimize costs and maximize the impact of public finance. The auction process, including the development of requirements and material obligations, requires a high degree of standardization. If designed well, it could allow for a coal transition mechanism to be allocated efficiently and transparently on a least-cost basis.