Impact assessment of climate and energy policy scenarios: A multi-criteria approach

Abstract

Over the last 20 years, numerous studies have shown significant changes in the global climate which negatively affect life in many aspects. The perpetual problems due to climate change impacts have created the urgent need to find efficient ways to tackle them. In this frame, European countries are moving towards the creation of energy and climate policies in order to achieve specific targets and mitigate the consequences of greenhouse gas emissions. They have defined a number of scenarios comprised of different targets’ combinations and ambition levels. The targets to be achieved are defined as to the CO2 emission reduction, the improvement in energy efficiency and the increase of the share of renewable energy sources until 2030. Thus, the aim is to lead EU to counteract the increasing energy demand and its negative effects on the environment as well as to abate the fossil fuel dependency. In this context, the scope of the particular paper is to examine which of the defined scenarios could respond adequately to the European region’s profile and which could affect positively living conditions. Subsequently, the research focuses on the assessment of each alternative climate and energy policy scenario and its socioeconomic, environmental and energy impacts with the application of multi-criteria decision analysis. The method used in the herein analysis is the PROMETHEE II, which ranks the proposed scenarios based on the decisionmakers’ preferences. In order to ensure the robustness of the results, a sensitivity analysis is also performed.