Prospective Outlook on Long-term Energy Systems by a merit order that is based on marginal costs of operation, maintenance and annualized capital costs. Expected power demand over the year influences investment decisions for new capacity planning in the next step. The model includes accounting of greenhouse gas (GHG) emissions and allows visualising GHG flows on sectoral, regional and global levels. POLES covers fuel combustion-related emissions in all demand sectors, thus covering over half of global GHG emissions. The six Kyoto Protocol GHGs are covered (carbon dioxide, methane, nitrous oxide, sulphur hexafluoride, hydrofluorocarbons and perfluorocarbons). The model can be used to test the sensibility of the energy
Emissions Trading Scheme in South Korea in the scheme: Carbon Dioxide, Methane, Nitrous Oxide, Hydrofluorocarbons, Perfluorocarbons, and Sulfur hexafluoride. More than 525 business entities are subject to the ETS with specific emission targets set for each sectors. Similar to that of the European Union, South Korea has divided its emissions trading scheme into three phases. With differing time spans and targets within each phase. The country is currently in its first phase which started in 2015 and lasts until 2017. The second phase occupies a 3-year-span from 2018 to 2020 and the final third phase is from 2021 to 2025. During Phase 1 all permits will