Can Capacity Markets be the cure to reaching emissions reduction targets?

Capacity Markets (CMs) is an increasingly popular policy measure being considered in European electricity markets with the aim of securing electricity supply at the lowest cost to consumers as well as supporting new investment into power generation assets. In the UK, it is already up and running and constitutes a key part of their Electricity Market Reform program. Similar auction-based Capacity Markets are being formed in Ireland, France, and Italy.

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