Related papers: Optimizing carbon tax for decentralized electricit…
Decentralized electricity markets are often dominated by a small set of generator companies who control the majority of the capacity. In this paper, we explore the effect of the total controlled electricity capacity by a single, or group,…
Energy storage (ES) can help decarbonize power systems by transferring green renewable energy across time. How to unlock the potential of ES in cutting carbon emissions by appropriate market incentives has become a crucial, albeit…
Road transport is responsible for about a quarter of Europe's greenhouse gas emissions, making its transformation a crucial part of Europe's overall decarbonization goals. Current European policies promote decarbonizing the transport sector…
Provisioning dynamic machine learning (ML) inference as a service for artificial intelligence (AI) applications of edge devices faces many challenges, including the trade-off among accuracy loss, carbon emission, and unknown future costs.…
The European Union Emission Trading Scheme (EU ETS) is a cornerstone of the EU's strategy to fight climate change and an important device for plummeting greenhouse gas (GHG) emissions in an economically efficient manner. The power industry…
The European Union's Carbon Border Adjustment Mechanism (CBAM) creates a complex challenge for the interconnected European electricity market. Traditional static analyses often miss the cross-border spillover effects that are vital for…
In the context of the Paris Agreement, Chile has pledged to reduce Greenhouse Gases (GHG) intensity by at least 30% below 2007 levels by 2030, and to phase out coal as a energy source by 2040, among other strategies. In pursue of these…
Texas ERCOT is experiencing rapid population growth that increases electricity demand and creates new reliability challenges. At the same time, decarbonization policies are being considered, adding uncertainty about future generation…
Rigorous model-based analysis can help inform state-level energy and climate policy. In this study, we utilize an open-source energy system optimization model and publicly available datasets to examine future electricity generation, CO2…
Removing carbon dioxide from the atmosphere may slow climate change and ocean acidification. My approach converts atmospheric carbon dioxide into graphite (CD2G). The net profit for this conversion is ~$381/ton CO2 removed from the…
In this paper we propose and solve a real options model for the optimal adoption of an electric vehicle. A policymaker promotes the abeyance of fossil-fueled vehicles through an incentive, and the representative fossil-fueled vehicle's…
We investigate the optimal regulation of energy production in alignment with the long-term goals of the Paris Climate Agreement. We analyze the optimal regulatory incentives to foster the development of non-emissive electricity generation…
Carbon footprint optimization (CFO) is important for sustainable heavy-duty e-truck transportation. We consider the CFO problem for timely transportation of e-trucks, where the truck travels from an origin to a destination across a national…
Climate change and global warming are the significant challenges of the new century. A viable solution to mitigate greenhouse gas emissions is via a globally incentivized market mechanism proposed in the Kyoto protocol. In this view, the…
The critical need for clean and economical sources of energy is transforming data centers that are primarily energy consumers to also energy producers. We focus on minimizing the operating costs of next-generation data centers that can…
Major innovations in computing have been driven by scaling up computing infrastructure, while aggressively optimizing operating costs. The result is a network of worldwide datacenters that consume a large amount of energy, mostly in an…
We investigate the economic and environmental impacts of the European Carbon Border Adjustment Mechanism (CBAM) using a multi-country, multi-sector general equilibrium model with input-output linkages. We quantify the general equilibrium…
As the share of variable renewable energy in power systems grows, enhancing the operational flexibility of combined cycle gas turbines with carbon capture and storage (CCGT-CCS) becomes increasingly valuable. This study integrates…
This integrated assessment modeling research analyzes what Korea's 2050 carbon neutrality would require for the national energy system and the role of the power sector concerning the availability of critical mitigation technologies. Our…
The decarbonization of energy systems at energy-intensive sites is an essential component of global climate mitigation, yet such transitions involve substantial capital requirements, ongoing technological progress, and the operational…