 Developing an emission risk control model in coal‐fired power plants for investigating CO2 reduction strategies for sustainable business developmentShalini Kumari and Sasadhar Bera Business Strategy and the Environment, 2023, vol. 32, issue 1, 842-857 Abstract: The climatic risk consists of financial and environmental risks, predominantly evolutes from carbon dioxide emissions from coal‐fired power plants. We develop a climatic risk control model to investigate the coexistence of renewable energy and the post‐combustion carbon capture technology as CO2 reduction strategies. Additionally, our proposed framework explicitly considers the acceptance of such strategies based on a balance of electricity supply according to demand. This paper adopts an additive fuzzy mixed‐integer optimization approach to model uncertain parameters and determines the optimal solution focusing on business and the environment. Furthermore, we investigate the feasibility of such emission control strategies with scenario analysis that help to execute the country's emission reduction policies. The usefulness of our methodology is demonstrated using data from the coal‐based power sector in the Eastern part of India. Overall, with the proposed model, we can achieve 30% reduction in emission release, which provides strategies to the decision‐maker for investment towards sustainable development. Date: 2023 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:bstrat:v:32:y:2023:i:1:p:842-857 Ordering information: This journal article can be ordered from Access Statistics for this article Business Strategy and the Environment is currently edited by Richard Welford More articles in Business Strategy and the Environment from Wiley Blackwell |
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