Related papers: Optimizing carbon tax for decentralized electricit…
Electricity market modelling is often used by governments, industry and agencies to explore the development of scenarios over differing timeframes. For example, how would the reduction in cost of renewable energy impact investments in gas…
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…
Due to the threat of climate change, a transition from a fossil-fuel based system to one based on zero-carbon is required. However, this is not as simple as instantaneously closing down all fossil fuel energy generation and replacing them…
Greenhouse gas emissions from the residential sector represent a significant fraction of global emissions. Governments and utilities have designed incentives to stimulate the adoption of decarbonization technologies such as rooftop PV and…
We develop a computational framework for deriving Pareto-improving and constrained optimal carbon tax rules in a stochastic overlapping generations (OLG) model with climate change. By integrating Deep Equilibrium Networks for fast policy…
Decarbonizing electric grids is a crucial global endeavor in the pursuit of carbon neutrality. Taking carbon emissions from generation into account when pricing electricity usage is an essential way to achieve this goal. However, such…
A change from a high-carbon emitting electricity power system to one based on renewables would aid in the mitigation of climate change. Decarbonization of the electricity grid would allow for low-carbon heating, cooling and transport.…
This paper examines the problem of optimizing the charging pattern of electric vehicles (EV) by taking real-time electricity grid carbon intensity into consideration. The objective of the proposed charging scheme is to minimize the carbon…
We study the problem of a profit maximizing electricity producer who has to pay carbon taxes and who decides on investments into technologies for the abatement of carbon emissions in an environment where carbon tax policy is random and…
Whole-economy scenarios for limiting global warming to 1.5C suggest that direct carbon emissions in the buildings sector should decrease to almost zero by 2050, but leave unanswered the question how this could be achieved by real-world…
This paper introduces a comprehensive framework aimed at advancing research and policy development in the realm of decarbonization within electric power systems. The framework focuses on three key aspects: carbon accounting, carbon-aware…
To enhance decarbonization efforts in electric power systems, we propose a novel electricity market clearing model that internalizes the allocation of emissions from generations to loads and allows for consideration of consumer-side carbon…
In 2021, the European Commission has adopted the Fit-for-55 policy package, legally binding European countries to reduce their CO2 emissions by 55% with respect to 1990, a first step to achieve carbon neutrality in 2050. In this context, it…
The deployment of CO2 capture and storage (CCS) and negative emissions technologies (NETs) are crucial to meet the net-zero target by year 2050, as emphasised by the Glasgow Climate Pact. Over the years, several energy planning models have…
A global effort has been initiated to reduce the worldwide greenhouse gas (GHG) emissions, primarily carbon emissions, by half by 2030 and reach net-zero by 2050. The development of 6G must also be compliant with this goal. Unfortunately,…
Decarbonization in buildings calls for advanced control strategies that coordinate on-site renewables, grid electricity, and thermal demand. Literature approaches typically rely on demand side management strategies or on active energy…
This paper presents an analysis of climate policy instruments for the decarbonisation of the global electricity sector in a non-equilibrium economic and technology diffusion perspective. Energy markets are driven by innovation,…
Carbon matching aims to improve corporate carbon accounting by tracking emissions rather than energy consumption and production. We present a mathematical derivation of carbon matching using marginal emission rates, where the unit of…
Low-carbon electricity is a key enabler in combating climate change. Decarbonising the power sector is now at the centre of global and European policies. As the IPCC highlights, pathways where the power sector rapidly decarbonises by 2030…
The cloud computing technology uses datacenters, which require energy. Recent trends show that the required energy for these datacenters will rise over time, or at least remain constant. Hence, the scientific community developed different…