Economic and environmental multi-objective optimisation to evaluate the impact of Belgian policy on solar power and electric vehicles
| Autor: | Sebastien Lizin, Steven Van Passel, Thomas Vincent, Benjamin Martin, Ellen De Schepper, Xavier Gandibleux |
|---|---|
| Přispěvatelé: | Institut de Recherche en Communications et en Cybernétique de Nantes (IRCCyN), Mines Nantes (Mines Nantes)-École Centrale de Nantes (ECN)-Ecole Polytechnique de l'Université de Nantes (EPUN), Université de Nantes (UN)-Université de Nantes (UN)-PRES Université Nantes Angers Le Mans (UNAM)-Centre National de la Recherche Scientifique (CNRS) |
| Rok vydání: | 2015 |
| Předmět: |
Economics and Econometrics
020209 energy 02 engineering and technology Management Monitoring Policy and Law Environmental Science (miscellaneous) 7. Clean energy mixed integer programming branch and bound energy transport LCC LCA 0202 electrical engineering electronic engineering information engineering Added value Economics Operations management Integer programming Solar power Average cost business.industry Pareto principle [INFO.INFO-RO]Computer Science [cs]/Operations Research [cs.RO] Environmental economics Bounded rationality Economies of scale 13. Climate action Electricity business |
| Zdroj: | Journal of Environmental Economics and Policy Journal of Environmental Economics and Policy, Taylor & Francis, 2016, 5 (1), pp.1-27. ⟨10.1080/21606544.2015.1019569⟩ |
| ISSN: | 2160-6552 2160-6544 |
| DOI: | 10.1080/21606544.2015.1019569 |
| Popis: | This research uses multi-objective optimization to determine the optimal mixture of energy and transportation technologies, while optimizing economic and environmental impacts. We demonstrate the added value of using multi-objective mixed integer linear programming (MOMILP) considering economies of scale versus using continuous multi-objective linear programming (MOLP) assuming average cost intervals. This paper uses an improved version to solve MOMILPs exactly (Vincent, et al. 2013). To differentiate optimal solutions with and without subsidies, the impact of policy on the Pareto frontier is assessed. We distinguish between minimizing economic life cycle costs (complete rationality) and required investments (bounded rationality). The approach is illustrated using a Belgian company with demands for electricity and transport. Electricity technologies are solar photovoltaics and the grid; transportation includes internal combustion engine vehicles (ICEVs), grid powered battery electric vehicles (BEVs), and solar powered BEVs. The impact of grid powered BEVs to reduce GHG emissions is limited, yet they are less costly than solar panels to decrease emissions. Current policy measures are found to be properly targeting rational investors who consider life cycle costs, while private (potentially bounded rational) investors often focus on required investments only. FWO - postdoctoral mandate 12G5415N |
| Databáze: | OpenAIRE |
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