The Impact of Proposed Reforms to the Korean Emissions Trading Scheme on the Electricity Market (IMAGE)
Caption
A simulation study revealed that for Korea’s electricity market, an integrated policy approach combining a uniform benchmark, a higher auctioning ratio, higher carbon pricing, and complementary supportive measures is critical to achieving decarbonization without placing an excessive burden on power generation companies.
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Assistant Professor Dowon Kim from Pusan National University, Korea
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