Model powiązań między gospodarowaniem uprawnieniami zbywalnymi do emisji zanieczyszczeń a wynikami finansowymi elektrowni
A Model of the Connections between Emissions Allowances Management and the Financial Performance of Power Plants

Summary/Abstract: Emissions allowances are an economic instrument of state environmental policy for reducing emissions in a cost-effective manner. Emission allowance management by an enterprise includes using the allowance to cover emissions resulting from production activities, selling and buying them on the market, and saving and borrowing them during accounting periods. The multistage stochastic linear programming presented in the article serves to optimise emissions allowances management. The objective is to maximise the expected value of a power plant’s financial performance. The model is used to examine the influence of a CO2 emissions allowance price on the financial performance of a selected power plant.

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