Abadie, Luis M.; Gómez, Chamorro; Manuel, José - Departamento de Fundamentos del Análisis Económico I, … - 2008
Coal-fired power plants may enjoy a significant advantage relative to gas plants in terms of cheaper fuel cost. Still, this advantage may erode or even turn into disadvantage depending on CO2 emission allowance price. This price will presumably rise in both the Kyoto Protocol commitment period...