Development of a multi-objective decision-making method to evaluate correlated decarbonization measures under uncertainty – The example of international shipping

Hongtao Hu, Jun Yuan and Victor Nian

Transport Policy, 2019, vol. 82, issue C, 148-157

Abstract: Shipping is a major contributor to total global CO2 emissions. In recent years, various operational and technical measures have been proposed to decarbonize the shipping sector. The cost-effectiveness of these mitigation measures is usually evaluated on an individual basis. However, the cost-effectiveness of individual measures could be influenced by the presence of other measures (when selected simultaneously) used to meet the decarbonization targets. As such, it is important to take into consideration such interdependencies when ranking and selecting the mitigation measures. In response to this problem, we propose a method to systematically rank and select the mitigation measures whose cost and carbon abatement potentials depend on the presence of one another. The proposed method is also capable of accounting for uncertain input factors, such as implementation costs and fuel costs. Through a case study considering a set of 14 measures, findings from our study demonstrate the importance of considering the interdependencies of these mitigation measures. We further conduct a sensitivity analysis, in order to ascertain the influence of the relevant input parameters.

Keywords: Carbon emission reduction; Shipping; Ranking and selection; Cost-effectiveness; Uncertainty quantification; Set of measures (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0967070X17307382
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:trapol:v:82:y:2019:i:c:p:148-157

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_1&version=01

DOI: 10.1016/j.tranpol.2018.07.010

Access Statistics for this article

Transport Policy is currently edited by Y. Hayashi

More articles in Transport Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().