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Explore a comprehensive lecture on the new Emission Trading System for diffuse emissions within the European policy framework. Delve into optimal dispatching and merit order pricing with variable load from a normative perspective, examining first-best solutions and their implementation. Analyze the combined impact of renewable energy sources and carbon pricing as key factors influencing generation costs and optimal dispatching. Gain insights through an analytical model supplemented by various illustrative examples. Learn from Anna Creti of Dauphine PSL University as she presents this complex topic in a 42-minute talk at the Institut Henri Poincaré.
