An Investigation of Optimized Carbon Tax-Subsidy Mechanism to Enhance Power System Sustainability Considering Wind Power Penetration
Nima Shafaghatian,
Seyed Hadi Hosseini,
Reza Noroozian
Abstract:In addressing current sustainability challenges, it is crucial to reduce CO2 emissions from power systems. An economic approach is to devise a solution for increasing the penetration of renewable energy sources. This can be achieved by implementing taxes on CO2 emissions from fossil fuel power plants (FFPP). However, it is important to carefully design this tax to ensure that sustainability is not compromised. For instance incorrect tax amounts and implementation methods can result in an excessive increase in … Show more
Set email alert for when this publication receives citations?
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.