Sustainability Indicators Correlation Matrix

Abstract

Abstract: This study explores the complex interplay between economic growth, environmental preservation, and energy efficiency in the context of sustainable development. Leveraging analytical tools such as the OSeMOSYS model and Pearson correlation coefficient, the research investigates how economic decisions impact energy resource utilization and environmental quality. Key sustainability indicators, including Energy Payback Time (EPBT), Internal Rate of Return (ITR), and Climate Change Impact Mitigation (IMPcc), are analyzed within the framework of the Atlantis energy system. The study emphasizes the need to balance economic priorities with environmental considerations to achieve sustainability objectives effectively. Furthermore, the research evaluates the correlation between sustainability indicators when integrated into the optimization process of the OSeMOSYS energy modeling system. This approach, advocated in previous studies, underscores the importance of incorporating sustainability metrics into decision-making processes. In conclusion, the findings highlight the necessity of reevaluating the weighting of indicators within optimization functions to prioritize sustainability goals. By providing insights into the complex relationships between economic, energy, and environmental factors, the study contributes to advancing sustainable development practices for policymakers, businesses, and society as a whole.