A method for taking into account environmental impacts in the economic evaluation of energy systems

Frangopoulos, CA; Caralis, YC

dc.contributor.author	Frangopoulos, CA	en
dc.contributor.author	Caralis, YC	en
dc.date.accessioned	2014-03-01T01:12:33Z
dc.date.available	2014-03-01T01:12:33Z
dc.date.issued	1997	en
dc.identifier.issn	0196-8904	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/12129
dc.subject	Energy systems	en
dc.subject	Environmental cost	en
dc.subject	Internalization of externalities	en
dc.subject	Thermoeconomics	en
dc.subject.classification	Thermodynamics	en
dc.subject.classification	Energy & Fuels	en
dc.subject.classification	Mechanics	en
dc.subject.classification	Physics, Nuclear	en
dc.subject.other	Economic and social effects	en
dc.subject.other	Environmental impact	en
dc.subject.other	Environmental protection	en
dc.subject.other	Pollution control	en
dc.subject.other	Energy systems	en
dc.subject.other	Thermoeconomics	en
dc.subject.other	Energy utilization	en
dc.title	A method for taking into account environmental impacts in the economic evaluation of energy systems	en
heal.type	journalArticle	en
heal.identifier.primary	10.1016/S0196-8904(96)00187-2	en
heal.identifier.secondary	http://dx.doi.org/10.1016/S0196-8904(96)00187-2	en
heal.language	English	en
heal.publicationDate	1997	en
heal.abstract	Decisions to produce and consume useful forms of energy will better reflect society's desires for environmental quality by internalizing the external costs of production. Internalization of external environmental costs may significantly affect decisions regarding selection of the type of the energy system for a particular application, as well as design and operation of the system. In the present work, main classes of economic approaches for environmental protection are presented and critically reviewed. A procedure is proposed in order to take into consideration the environmental impacts in the economic analysis of energy systems. The analytical formulation of the procedure is followed by a numerical example. Application of the method reveals the critical values of environmental penalties that result in a break-even operation of the particular system. Also, it is shown that the proposed procedure can be used as a proxy method to calculate environmental externalities for a particular system in a given environment. In addition, by assessing the unit cost of reducing pollutants by abatement technologies, the method can turn into a useful tool at the hands of those seeking a sound basis to set environmental charges and incentives. If, on the other hand, the environmental and social cost of a pollutant is known, then the method can be used to reveal the type and level of the incentive that the national economy would be willing to provide. (C) 1997 Elsevier Science Ltd.	en
heal.publisher	PERGAMON-ELSEVIER SCIENCE LTD	en
heal.journalName	Energy Conversion and Management	en
dc.identifier.doi	10.1016/S0196-8904(96)00187-2	en
dc.identifier.isi	ISI:A1997XK15000024	en
dc.identifier.volume	38	en
dc.identifier.issue	15-17	en
dc.identifier.spage	1751	en
dc.identifier.epage	1763	en