Development of an inexact risk-aversion optimization model for regional carbon constrained electricity system planning under uncertainty

Since carbon dioxide (CO2) emission reduction gains global concerns, power industry is one of the main sources of CO2 emission. Thus, carbon cap and trade scheme and the application of carbon capture and storage have been employed to mitigate CO2 emission. In consideration of these technologies and constraints, an inexact risk-aversion model based on interval two-stage stochastic programming (ITSP) and conditional value at risk method (CVaR) …