Energy and Carbon Modeling with Multi-Criteria Decision-Making towards Sustainable Industrial Sector Development in Thailand

Abstract

This paper develops some policy options for Thailand’s industrial sector. The energy simulation model, the Long-range Energy Alternatives Planning (LEAP) system, has been used to simulate how energy might develop from 2005-2030. Five policy interventions are selected, and how these would change energy development is examined, and compared to a reference case. Further, the industrial policy options are assessed using a multi-criteria decision-making framework. Results of this study can increase the knowledge and understanding to make an explicit consideration of the transition from high carbon intensive energy system to one which is substantially decarbonized. The most significant energy-savings are improvement of energy efficiency and process integration. These policy options also have the large potential to reduce CO2 emissions.