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About the special issue
Article Type: Guest editorial From: International Journal of Energy Sector Management, Volume 5, Issue 3
Climate change is deemed one of the most important issues in this millennium, and has become an emerging issue with extensive concern due to the ever-worsening global warming. Emissions trading, an efficient way to reduce the emissions of greenhouse gases in principle, has been implemented in the European Union, and proposed in a number of other countries including Australia and the USA. The electricity sector is one of the major contributors for the green house gases emission. Several energy and environmental policies have been adequately considered by governments in various countries for creation of certified emission reductions from clean development mechanism projects and emission reduction units. Policy makers and/or regulators suggest developing an emission trading system in which a market-based carbon dioxide emissions, and emission allowances can be traded. The potential impacts of emission trading on the power industry and electricity markets are believed to be significant, and much research work has been done around the globe in recent years.
The purpose of this special issue on impacts of emission trading on power industry and electricity markets is to investigate the impacts, or potential impacts, of various schemes of emissions trading on power industries and electricity markets, including key issues of emissions trading scheme design, the methods of allowance allocation and particularly their impacts on generation investments, enhancement of renewable energy sources and electricity prices. In this special issue, there are six papers covering many dimensions of the emission trading in the power industries. Emission trading considering the transmission capacity constraints, generation scheduling and block bidding strategy has been investigated in two papers. The impact of economic dispatch in emission trading utilizing benefit factor is analyzed. The issue of fairness and equity in apportionment of emission reduction is also discussed in one paper. Few papers addressed the issue of emission trading in the electricity markets considering different mechanism.
This special issue is very useful to researchers, academicians, practitioners, utility management team members, system operators and policy makers.
Fushuan Wen, S.N. SinghGuest Editors