Considering Waste Generation in the Energy Sector during the Transition to a Circular Economy

The need to reduce the negative environmental impact of energetics with the growing energy demand in the world is the core objective of the industry for the upcoming decades. The global agenda in the field of environmental protection increases the requirements for evaluation of the energy investment...

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Main Authors: Anzhelika Karaeva, Elena Magaril
Format: Article
Language:English
Published: MDPI AG 2023-04-01
Series:Recycling
Subjects:
Online Access:https://www.mdpi.com/2313-4321/8/2/42
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author Anzhelika Karaeva
Elena Magaril
author_facet Anzhelika Karaeva
Elena Magaril
author_sort Anzhelika Karaeva
collection DOAJ
description The need to reduce the negative environmental impact of energetics with the growing energy demand in the world is the core objective of the industry for the upcoming decades. The global agenda in the field of environmental protection increases the requirements for evaluation of the energy investment projects, in particular for their environmental efficiency. Currently, much attention is paid to assessing the impact of the project on atmospheric air, water bodies and land resources, including the formation of industrial waste during the operational stage. The formation of production and consumption waste at other stages of the project life cycle is not considered either when generating cash flows or when conducting the assessment pf environmental efficiency. It might significantly reduce the reliability of assessment results. The purpose of this study is to develop a system of integrated accounting for all types of waste generated and the environmental costs incurred for handling them during the environmental and economic assessment of energy projects. The paper discusses modern waste management practices at energy enterprises, waste generation at various stages of investment projects implementation, and provides recommendations on waste accounting when assessing their environmental and economic efficiency.
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spelling doaj.art-cbe9226598b147789e90becfcb9770592023-11-17T21:08:05ZengMDPI AGRecycling2313-43212023-04-01824210.3390/recycling8020042Considering Waste Generation in the Energy Sector during the Transition to a Circular EconomyAnzhelika Karaeva0Elena Magaril1Department of Environmental Economics, Ural Federal University, Mira-Str., 19, 620002 Ekaterinburg, RussiaDepartment of Environmental Economics, Ural Federal University, Mira-Str., 19, 620002 Ekaterinburg, RussiaThe need to reduce the negative environmental impact of energetics with the growing energy demand in the world is the core objective of the industry for the upcoming decades. The global agenda in the field of environmental protection increases the requirements for evaluation of the energy investment projects, in particular for their environmental efficiency. Currently, much attention is paid to assessing the impact of the project on atmospheric air, water bodies and land resources, including the formation of industrial waste during the operational stage. The formation of production and consumption waste at other stages of the project life cycle is not considered either when generating cash flows or when conducting the assessment pf environmental efficiency. It might significantly reduce the reliability of assessment results. The purpose of this study is to develop a system of integrated accounting for all types of waste generated and the environmental costs incurred for handling them during the environmental and economic assessment of energy projects. The paper discusses modern waste management practices at energy enterprises, waste generation at various stages of investment projects implementation, and provides recommendations on waste accounting when assessing their environmental and economic efficiency.https://www.mdpi.com/2313-4321/8/2/42waste managementenergy sectortraditional energyrenewable energycircular economyinvestment project
spellingShingle Anzhelika Karaeva
Elena Magaril
Considering Waste Generation in the Energy Sector during the Transition to a Circular Economy
Recycling
waste management
energy sector
traditional energy
renewable energy
circular economy
investment project
title Considering Waste Generation in the Energy Sector during the Transition to a Circular Economy
title_full Considering Waste Generation in the Energy Sector during the Transition to a Circular Economy
title_fullStr Considering Waste Generation in the Energy Sector during the Transition to a Circular Economy
title_full_unstemmed Considering Waste Generation in the Energy Sector during the Transition to a Circular Economy
title_short Considering Waste Generation in the Energy Sector during the Transition to a Circular Economy
title_sort considering waste generation in the energy sector during the transition to a circular economy
topic waste management
energy sector
traditional energy
renewable energy
circular economy
investment project
url https://www.mdpi.com/2313-4321/8/2/42
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