Assessment of electricity generation technologies based on ghg emission reduction potential and costs

Dalia Streimikiene, Ligita Balezentiene

Research output: Contribution to journalArticle

17 Citations (Scopus)

Abstract

The aim of the paper is to address the EU policy for achieving low carbon economy by assessing energy technologies in electricity sector based on costs and impact on climate change and to indicate the most competitive electricity generation technologies taking into EU policy targets in GHG emission reduction, utilization of renewable and energy efficiency improvements. The main tasks of the paper are: to develop the multi-criteria framework for comparative assessment of energy technologies by applying MCDM methods for the electricity generation technologies assessment. The interval TOPSIS method is employed in order to tackle the uncertain criteria. The assessment framework allows the comparison of electricity generation technologies in terms of their GHG emission reduction and economic impacts and facilitates decision making process in energy sector seeking to implement EU energy policies. The main indicators selected for technologies assessment are: private costs and life cycle GHG emissions. The ranking of energy technologies based on private costs and GHG emissions allowed prioritizing these technologies thus mitigating GHG emissions at the lowest costs.

Original languageEnglish
Pages (from-to)333-343
Number of pages11
JournalTransformations in Business and Economics
Volume11
Issue number2 A
Publication statusPublished - 2012
Externally publishedYes

Fingerprint

electricity
energy technology
costs
technology assessment
EU policy
energy
energy policy
decision making process
economic impact
life cycle
ranking
climate change
EU
utilization
Emission reduction
GHG emissions
Electricity generation
Costs
efficiency
economy

Keywords

  • Costs
  • Electricity generation technologies
  • GHG emission reduction potential
  • Interval TOPSIS
  • Life cycle assessment

ASJC Scopus subject areas

  • Political Science and International Relations
  • Social Sciences (miscellaneous)
  • Business and International Management
  • Marketing
  • Economics and Econometrics

Cite this

Assessment of electricity generation technologies based on ghg emission reduction potential and costs. / Streimikiene, Dalia; Balezentiene, Ligita.

In: Transformations in Business and Economics, Vol. 11, No. 2 A, 2012, p. 333-343.

Research output: Contribution to journalArticle

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