Abstract
The aim of the paper is to address the EU policy for achieving low carbon economy by assessing energy technologies in electricity and road transport sector based on costs and impact on climate change and to indicate the most competitive electricity and transport technologies taking into account 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 and transport 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 and road transport 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 taking into account the lowest GHG emission reduction costs.
Highlights
The current development process in energy policy is boosted by Commission’s Second Strategic Energy Review package in 2008
The aim of the paper is to address the EU policy for achieving low carbon economy by assessing energy technologies in electricity and road transport sector based on costs and impact on climate change and to indicate the most competitive electricity and transport technologies taking into account EU policy targets in GHG emission reduction, utilization of renewable and energy efficiency improvements
The ranking of energy technologies based on private costs and GHG emissions allowed prioritizing these technologies taking into account the lowest GHG emission reduction costs
Summary
The current development process in energy policy is boosted by Commission’s Second Strategic Energy Review package in 2008. EU has prepared the Roadmap for moving to a competitive low-carbon economy in 2050 In this plan the European Commission is looking beyond these 2020 objectives and setting out a plan to meet the long-term target of reducing domestic emissions by 80 to 95% by mid-century. There are 3 pillows for achieving low carbon economy in EU by 2050: clean electricity, clean cars and energy efficiency improvements. Assessment of energy technologies in electricity and transport sectors Another important document – Energy efficiency plan 2011 was adopted by EC. The main aim of the paper is to address the EU policy for achieving low carbon economy by assessing energy technologies in electricity and road transport sector based on costs and GHG emission reduction potential. The main tasks of the paper are: to develop the multi-criteria framework for comparative assessment of energy technologies by applying MCDM methods by taking into account the EU energy policy priorities and to apply developed framework for electricity and transport technologies assessment
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