A multicriteria approach to identify investment opportunities for the exploitation of the clean development mechanism

Diakoulaki, D; Georgiou, P; Tourkolias, C; Georgopoulou, E; Lalas, D; Mirasgedis, S; Sarafidis, Y

dc.contributor.author	Diakoulaki, D	en
dc.contributor.author	Georgiou, P	en
dc.contributor.author	Tourkolias, C	en
dc.contributor.author	Georgopoulou, E	en
dc.contributor.author	Lalas, D	en
dc.contributor.author	Mirasgedis, S	en
dc.contributor.author	Sarafidis, Y	en
dc.date.accessioned	2014-03-01T01:25:43Z
dc.date.available	2014-03-01T01:25:43Z
dc.date.issued	2007	en
dc.identifier.issn	0301-4215	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/17738
dc.subject	Clean development mechanism	en
dc.subject	Financial analysis	en
dc.subject	Multicriteria analysis	en
dc.subject.classification	Energy & Fuels	en
dc.subject.classification	Environmental Sciences	en
dc.subject.classification	Environmental Studies	en
dc.subject.other	Costs	en
dc.subject.other	Decision making	en
dc.subject.other	Economics	en
dc.subject.other	Environmental protection	en
dc.subject.other	Finance	en
dc.subject.other	Investments	en
dc.subject.other	Clean development mechanism	en
dc.subject.other	Financial analysis	en
dc.subject.other	Multicriteria analysis	en
dc.subject.other	Energy policy	en
dc.subject.other	clean development mechanism	en
dc.subject.other	environmental economics	en
dc.subject.other	exploitation	en
dc.subject.other	investment	en
dc.subject.other	multicriteria analysis	en
dc.subject.other	sustainable development	en
dc.subject.other	Eurasia	en
dc.subject.other	Europe	en
dc.subject.other	Greece	en
dc.subject.other	Southern Europe	en
dc.title	A multicriteria approach to identify investment opportunities for the exploitation of the clean development mechanism	en
heal.type	journalArticle	en
heal.identifier.primary	10.1016/j.enpol.2006.02.009	en
heal.identifier.secondary	http://dx.doi.org/10.1016/j.enpol.2006.02.009	en
heal.language	English	en
heal.publicationDate	2007	en
heal.abstract	The aim of the present paper is to investigate the prospects for the exploitation of the Kyoto Protocol's Clean Development Mechanism (CDM) in Greece. The paper is addressing 3 questions: in which country, what kind of investment, with which economic and environmental return? The proposed approach is based on a multicriteria analysis for identifying priority countries and interesting investment opportunities in each priority country. These opportunities are then evaluated through a conventional financial analysis in order to assess their economic and environmental attractiveness. To this purpose, the IRR of a typical project in each investment category is calculated by taking into account country- specific parameters, such as baseline emission factors, load factors, costs, energy prices etc. The results reveal substantial differences in the economic and environmental return of different types of projects in different host-countries and show that for the full exploitation of the CDM a multifaceted approach to decision-making is necessary. (c) 2006 Elsevier Ltd. All rights reserved.	en
heal.publisher	ELSEVIER SCI LTD	en
heal.journalName	Energy Policy	en
dc.identifier.doi	10.1016/j.enpol.2006.02.009	en
dc.identifier.isi	ISI:000244170000029	en
dc.identifier.volume	35	en
dc.identifier.issue	2	en
dc.identifier.spage	1088	en
dc.identifier.epage	1099	en