Among the factors that make IPM particularly well suited to model multi-emissions control programs are (1) its ability to capture complex interactions among the electric power, fuel, and environmental markets, (2) its detail-rich representation of emission control options encompassing a broad array of retrofit technologies along with emission reductions through fuel switching, changes in capacity mix, and electricity dispatch strategies, and (3) its capability to model a variety of environmental market mechanisms, such as emissions caps, allowances, trading, and banking.
IPM has at least 3 reasons why it is well suited to model multi-emissions control programs.