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An optimal generation dispatch strategy method while considering CO2 emissions is presented in this paper. Firstly, different CO2 equivalent models for fuel generated thermal units are derived. Secondly, the Cost-CO2 emission Tradeoff Curve (CCTC) and Incremental Cost for CO2 Reduction (ICCR) curve, are introduced to assess the impact of CO2 emissions on power generation costs. Incorporating these...