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Market-based support schemes for renewable energy sources
Introduction In the last two decades renewable energy has received increased support from national governments. Directive 2009/28/EC of the European Commission indicates that renewable energy has to provide at least 20% ...
European short-term electricity market designs under high penetration of wind power
The European Union (EU) has adopted ambitious targets for decarbonization of the electricity sector. Renewable energy sources for electricity (RES-E), especially wind and solar power, will play an important role in achieving ...
Interactions between carbon and power markets in transition
In this research, several improvements to the European Union Emissions Trading System (EU ETS) were analysed. The EU ETS is a market for emission allowances and the European Union's main instrument for reducing greenhouse ...