Sustainability assessment of policy scenarios

Dalia Streimikiene, Asta Mikalauskiene, Neringa Barakauskaite-Jakubauskiene

Research output: Contribution to journalArticle

17 Citations (Scopus)

Abstract

During EU Framework 7 project PLANETS 10 policy scenarios were developed by applying 6 models covering different modelling philosophies and ranging from Top-down to Bottom-up models. These policy scenarios were developed by combining 2 alternatives climate targets and 5 different modes of achieving the different climate change mitigation targets. Analysis of scenarios results provides a lot of information however it is difficult to judge about these scenarios and to develop policy recommendations as some scenarios show better results according contradicting criteria such as costs and GHG emission reduction therefore the sustainability assessment approach was proposed seeking to rank policy scenarios. Criteria for sustainability assessment of policy scenarios were developed based on EU sustainable energy policy targets: increase use of renewable, increase of energy use efficiency and GHG emissions reduction. These main EU energy policy targets are called 20/20/20. The European Union's '20/20/20' targets for 2020 are the following: reduce greenhouse gas emissions by 20% comparing with 1990 level (to become a 30% reduction if other major global economies join); increase the share of renewable in the final energy consumption to 20% and to achieve 20% improvement in energy efficiency compared to the level in 2020 if existing trends were to continue. Therefore EU energy policy scenarios were ranked based on these criteria and scenario costs. The results of multi-criteria analysis performed in the paper allow indentifying the best EU energy policy scenarios in terms of energy sustainability.

Original languageEnglish
Pages (from-to)168-184
Number of pages17
JournalTransformations in Business and Economics
Volume10
Issue number2
Publication statusPublished - 2011
Externally publishedYes

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sustainability
scenario
energy policy
EU
energy
Scenarios
Sustainability assessment
efficiency
costs
energy consumption
climate change
climate
economy
Energy policy
trend

Keywords

  • Assessment of policy scenarios
  • Policy scenarios
  • Sustainability
  • The European Union

ASJC Scopus subject areas

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

Cite this

Streimikiene, D., Mikalauskiene, A., & Barakauskaite-Jakubauskiene, N. (2011). Sustainability assessment of policy scenarios. Transformations in Business and Economics, 10(2), 168-184.

Sustainability assessment of policy scenarios. / Streimikiene, Dalia; Mikalauskiene, Asta; Barakauskaite-Jakubauskiene, Neringa.

In: Transformations in Business and Economics, Vol. 10, No. 2, 2011, p. 168-184.

Research output: Contribution to journalArticle

Streimikiene, D, Mikalauskiene, A & Barakauskaite-Jakubauskiene, N 2011, 'Sustainability assessment of policy scenarios', Transformations in Business and Economics, vol. 10, no. 2, pp. 168-184.
Streimikiene D, Mikalauskiene A, Barakauskaite-Jakubauskiene N. Sustainability assessment of policy scenarios. Transformations in Business and Economics. 2011;10(2):168-184.
Streimikiene, Dalia ; Mikalauskiene, Asta ; Barakauskaite-Jakubauskiene, Neringa. / Sustainability assessment of policy scenarios. In: Transformations in Business and Economics. 2011 ; Vol. 10, No. 2. pp. 168-184.
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