Hybrid Predictive Decision-Making Approach to Emission Reduction Policies for Sustainable Energy Industry

Chao Zhou, Dongyu Liu, Pengfei Zhou, Jie Luo, Serhat Yuksel and Hasan Dincer
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Chao Zhou: School of Business, Chongqing College of Electronic Engineering, Chongqing 401331, China
Dongyu Liu: School of Economics and Business Administration, Chongqing University, Chongqing 400030, China
Pengfei Zhou: School of Economics and Management, Chongqing Normal University, Chongqing 401331, China
Jie Luo: School of Geography and Tourism, Chongqing Normal University, Chongqing 401331, China
Serhat Yuksel: School of Business, Istanbul Medipol University, 34810 Istanbul, Turkey
Hasan Dincer: School of Business, Istanbul Medipol University, 34810 Istanbul, Turkey

Energies, 2020, vol. 13, issue 9, 1-21

Abstract: Carbon emissions are a prominent issue for sustainable energy production and management. Energy policies under the growing competitive environment could change the priorities of emission reduction and investment decisions. This paper aims to forecast carbon emissions from China and to rank the importance of carbon emissions with interval type 2 (IT2) fuzzy sets (FS) for sustainable energy investments. For this purpose, the quadratic model is applied to measuring emission trends and the Qualitative Flexible Multiple Criteria Method (QUALIFLEX) is used for measuring sustainable energy investment alternatives by the several emission levels. Forecasted values of 29 provinces in China are converted into the linguistic and fuzzy numbers based on IT2 FS respectively to measure the priorities of emission reduction for sustainable economies. The novelty of this paper is to propose a hybrid decision-making approach based on quadratic modeling and the QUALIFLEX method and to discuss the overall energy emission trend and policies for sustainable economic growth. The results demonstrate that emission reduction policies are the most important phenomenon and the environmental factors should be widely considered to construct sustainable energy investments and production.

Keywords: emission reduction; energy investments; sustainability; forecasting; IT2 fuzzy sets; QUALIFLEX (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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