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OMB APPROVAL OMB Number 3235 0060 Expires March 31, Estimated Average Burden Hours Per Response 2 Sec  Form

OMB APPROVAL OMB Number 3235 0060 Expires March 31, Estimated Average Burden Hours Per Response 2 Sec Form

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in the center for electrical energy systems of the University of Hong Kong and today I'll be talking about refunded emissions payment schemes and also some different types of strategies that we can use to achieve different objectives when implementing these types of schemes but before jumping into those different strategies I want to try and break down what a refund and emissions payment scheme is and how it works and the the fundamental problem that is trying to solve so I want to do that using a very simplified model of an electricity market so here I've got for generating technologies I've got a renewables generator I've got two coal generators and I've got a gas generator and along the vertical axis I've got the short-run marginal cost of production so how much it costs to produce one megawatt-hour of energy and along the along the horizontal axis I've got the quantity of energy that is being offered into the market for a give

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