Preliminary criteria for the energy sector: environmental and economic efficiency of investment projects

Ecological and economic assessment is a key stage in the selection process of investment projects as it defines their efficiency and allows to forecast their likely impact on the environment and the socio-economic situation of the territory. Approaches to the efficiency assessment of investment proj...

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Main Authors: Karaeva Anzhelika, Magaril Elena, Torretta Vincenzo, Rada Elena Cristina
Format: Article
Language:English
Published: EDP Sciences 2021-01-01
Series:MATEC Web of Conferences
Online Access:https://www.matec-conferences.org/articles/matecconf/pdf/2021/12/matecconf_mse21_07014.pdf
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author Karaeva Anzhelika
Magaril Elena
Torretta Vincenzo
Rada Elena Cristina
author_facet Karaeva Anzhelika
Magaril Elena
Torretta Vincenzo
Rada Elena Cristina
author_sort Karaeva Anzhelika
collection DOAJ
description Ecological and economic assessment is a key stage in the selection process of investment projects as it defines their efficiency and allows to forecast their likely impact on the environment and the socio-economic situation of the territory. Approaches to the efficiency assessment of investment projects include only basic criteria and do not sufficiently consider industryspecific. The energy sector is a significant primary sector in the global economy that directly affects the standard of living, energy resources availability for population and for the productive sector of economy and has a considerable impact on the environment. Therefore, the efficiency assessment process of investment project in the energy industry should comprise criteria which will respond to the branch specificity and provide accurate data about potential environmental and socio-economic consequences of project’s implementation in both the short and the long-term run. The paper aims to propose a list of environmental criteria for improving the process of the ecological and economic efficiency assessment of energy investment projects, considering also the Circular Economy concepts. The list is based on the results of the expert survey carried out by the authors and might be used for multiple-criteria decision analysis of the investment projects.
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spelling doaj.art-9071bd4a6b044a06a22f071fe4c8fe522022-12-21T21:52:58ZengEDP SciencesMATEC Web of Conferences2261-236X2021-01-013430701410.1051/matecconf/202134307014matecconf_mse21_07014Preliminary criteria for the energy sector: environmental and economic efficiency of investment projectsKaraeva AnzhelikaMagaril Elena0Torretta Vincenzo1Rada Elena Cristina2Ural Federal University, Department of Environmental EconomicsInsubria University, Department of Theoretical and Applied SciencesInsubria University, Department of Theoretical and Applied SciencesEcological and economic assessment is a key stage in the selection process of investment projects as it defines their efficiency and allows to forecast their likely impact on the environment and the socio-economic situation of the territory. Approaches to the efficiency assessment of investment projects include only basic criteria and do not sufficiently consider industryspecific. The energy sector is a significant primary sector in the global economy that directly affects the standard of living, energy resources availability for population and for the productive sector of economy and has a considerable impact on the environment. Therefore, the efficiency assessment process of investment project in the energy industry should comprise criteria which will respond to the branch specificity and provide accurate data about potential environmental and socio-economic consequences of project’s implementation in both the short and the long-term run. The paper aims to propose a list of environmental criteria for improving the process of the ecological and economic efficiency assessment of energy investment projects, considering also the Circular Economy concepts. The list is based on the results of the expert survey carried out by the authors and might be used for multiple-criteria decision analysis of the investment projects.https://www.matec-conferences.org/articles/matecconf/pdf/2021/12/matecconf_mse21_07014.pdf
spellingShingle Karaeva Anzhelika
Magaril Elena
Torretta Vincenzo
Rada Elena Cristina
Preliminary criteria for the energy sector: environmental and economic efficiency of investment projects
MATEC Web of Conferences
title Preliminary criteria for the energy sector: environmental and economic efficiency of investment projects
title_full Preliminary criteria for the energy sector: environmental and economic efficiency of investment projects
title_fullStr Preliminary criteria for the energy sector: environmental and economic efficiency of investment projects
title_full_unstemmed Preliminary criteria for the energy sector: environmental and economic efficiency of investment projects
title_short Preliminary criteria for the energy sector: environmental and economic efficiency of investment projects
title_sort preliminary criteria for the energy sector environmental and economic efficiency of investment projects
url https://www.matec-conferences.org/articles/matecconf/pdf/2021/12/matecconf_mse21_07014.pdf
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AT radaelenacristina preliminarycriteriafortheenergysectorenvironmentalandeconomicefficiencyofinvestmentprojects