This paper presents a general electricity-CO2 (ELCO) modeling framework that is able to simulate interactions of the energy-only market with different forms for national policy measures. We set up a two sector model where players can invest into various types of generation technologies including...

This paper examines the effect on Ireland's Single Electricity Market (SEM) of the UK's unilateral policy to implement a carbon price floor for electricity generation based on fossil-fuel. We simulate electricity markets and find that, subject to efficient use of the interconnectors between the...

This article underlines the main implications of the interrelations between the energy problem and that of environmental pollution, using the most widely used macroeconomic indicators in the field of policy analysis. In fact, carbon dioxide (CO₂) emission intensity and energy intensity trends...