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The effect of inhomogeneous carbon prices on the cost-optimal design of a simplified European power system

Carbon prices are one of the most prominent methods to reduce global greenhouse gas emissions and have been adopted by several countries around the world. However, regionally different carbon prices can lead to carbon leakage. We investigate a simplified European power system where carbon prices are varied with respect to GDP per capita and find that inhomogeneous carbon prices lead to significant carbon leakage due to coal-fired generation remaining a major source of power in Eastern Europe.

preprint2022arXivOpen access
Markus SchlottFabian HofmannChanglong WangR. O. GomesAlexander Kies
physics.soc-phphysics.app-ph
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Open access5 authors2 topics
Imported metadata coverageMissing code, dataset, citation and institution fields are tracked without dominating the paper.Details
Citations: 0Reviews: 0Saves: 0Code: not linkedDataset: not linkedInstitutions: 0

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Markus SchlottFabian HofmannChanglong WangR. O. GomesAlexander Kies

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