A Top-Down Approach to Evaluating Cross-Border Natural Gas Infrastructure Projects in Europe
| Autor: | András Kiss, Adrienn Selei, Borbála Takácsné Tóth |
|---|---|
| Přispěvatelé: | Microeconomics (ASE, FEB), Faculteit Economie en Bedrijfskunde |
| Rok vydání: | 2016 |
| Předmět: |
Program evaluation
Economics and Econometrics business.industry 020209 energy media_common.quotation_subject 02 engineering and technology Top-down and bottom-up design 010501 environmental sciences 01 natural sciences Complementarity (physics) Microeconomics General Energy Natural gas 0202 electrical engineering electronic engineering information engineering Economics The Internet business Welfare Energy economics Industrial organization South eastern 0105 earth and related environmental sciences media_common |
| Zdroj: | The Energy Journal, 37(3), 61-79. International Association for Energy Economics |
| ISSN: | 0195-6574 |
| DOI: | 10.5547/01956574.37.si3.akis |
| Popis: | There is an ongoing policy debate in Europe about how to select natural gas infrastructure projects for an EU-wide investment support scheme. We contribute to this debate by introducing a model-based project evaluation method that addresses several shortcomings of the current approach and demonstrate its application on a set of shortlisted investment proposals in Central and South Eastern Europe. Importantly, our selection mechanism deals with the complementarity and the substitutability of new pipelines. We find that a small number of projects are sufficient to maximize the net gain in regional welfare, but different baseline assumptions favor different project combinations. We also explore the consequences of Russian gas permanently delivered at the EU border from northern and southern routes that bypass Ukraine and find modest negative welfare effects. |
| Databáze: | OpenAIRE |
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