Optimal Carbon Taxes for Emissions Targets in the Electricity Sector
The most dangerous effects of anthropogenic climate change can be mitigated by using emissions taxes or other regulatory interventions to reduce greenhouse gas (GHG) emissions. This paper takes a regulatory viewpoint and describes the Weighted Sum Bisection method to determine the lowest emission tax rate that can reduce the anticipated emissions of the power sector below a prescribed, regulatorily-defined target. This bilevel method accounts for a variety of operating conditions via stochastic programming and remains computationally tractable for realistically large planning test systems, even when binary commitment decisions and multiperiod constraints on conventional generators are considered.
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Changing Household Energy Usage: The Downsides of Incentives and How to Overcome Them
To combat climate change, the Intergovernmental Panel for Climate Change (IPCC) calculated that greenhouse gas emissions in the energy domain should be reduced by 90%, compared to 2010 emissions, between the years 2040 and 2070. In Europe, residential households consume about a quarter of total energy used (excluding the energy that is embodied in products). To contribute to the carbon emission reduction targets set by the IPCC , households need to reduce their fossilenergy use.
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