Understanding the interactions between emissions trading and wholesale electricity markets. Australia faces some critical decisions with regard to its commitment to reducing emissions of greenhouse gases. There are a variety of emissions-related trading schemes that operate at a State level, and there are now proposals to introduce a National scheme. This research will help in the design of an emissions trading scheme through the use of sophisticated models of the behaviour of individual generat ....Understanding the interactions between emissions trading and wholesale electricity markets. Australia faces some critical decisions with regard to its commitment to reducing emissions of greenhouse gases. There are a variety of emissions-related trading schemes that operate at a State level, and there are now proposals to introduce a National scheme. This research will help in the design of an emissions trading scheme through the use of sophisticated models of the behaviour of individual generation companies operating in a complex market situation. Also this project will build the skill base of Australia in an area of increasing importance where a multi-disciplinary focus is critical.Read moreRead less