Interaction analysis among Electricity Market, Carbon Market And Renewable Market: A review of emission trading

Electricity supply industry worldwide has been identified as a major source of greenhouse gas emissions. Consequently, many countries have started the implementation of emission trading schemes (ETS). Separate and evolving public policy debates are currently shaping Electricity Market, Carbon Market, and Renewable Market without attention to how each market affects the others, yet the markets have overlapping goals with respect to the global economical and environmental benefits. Therefore, this paper has conducted a comprehensive review to shed some light on the future study of ETS. Focuses have been put on features of ETS which significantly impacts the power industry.