Abstract
As the EU's Emissions Trading Scheme has, up to date, had little impact on the reduction of CO2 emissions in Europe, direct carbon taxes have been proposed. In this work, high spatial and temporal resolution optimal power flow simulations are conducted to assess the impact of carbon taxes on the inter-connected power system in central Europe. As both individual transmission lines and individual power plants are modeled, this work provides new insights into effects within the European power market. A carbon price of 40 €/tCO2 or more is shown to be necessary in 2030 to achieve the EU emissions targets. This tax burden is borne mainly by Poland and the Czech Republic, who lose more than 2bn € annually in power exports. Consumers in Switzerland face the highest increases in electricity prices, despite consuming very carbon-friendly electricity.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
