Impacts of emission trading on Carbon, Electricity and Renewable Markets: A review

Author

Li, Xuran Ivan ; Yu, C.W.

Author_Institution

Dept. of Electr. Eng., Hong Kong Polytech. Univ., Hong Kong, China

fYear

2010

fDate

25-29 July 2010

Firstpage

1

Lastpage

7

Abstract

Electricity supply industry worldwide has been identified as a major source of greenhouse gas emissions. Consequently, many countries have started to implement emission trading schemes (ETS). Separate and evolving public policy debates are 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 conducts a comprehensive review to shed some lights on the future study of ETS. Focuses have been put on features of ETS and how it impacts on the three interactive markets.

Keywords

electricity supply industry; power markets; power system economics; renewable energy sources; carbon; electricity supply industry; emission trading; interactive markets; public policy; renewable markets; Carbon Market (EM); Electricity Market (EM); Emission trading schemes; Renewable Market (RM); Review;

fLanguage

English

Publisher

ieee

Conference_Titel

Power and Energy Society General Meeting, 2010 IEEE

Conference_Location

Minneapolis, MN

ISSN

1944-9925

Print_ISBN

978-1-4244-6549-1

Electronic_ISBN

1944-9925

Type

conf

DOI

10.1109/PES.2010.5590042

Filename

5590042