Screening of Factors for Assessing the Environmental and Economic Efficiency of Investment Projects in the Energy Sector

Anzhelika Pirmamedovna Karaeva, Elena Magaril, Andrey Vladimirovich Kiselev and Lucian-Ionel Cioca ()
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Anzhelika Pirmamedovna Karaeva: Department of Environmental Economics, Ural Federal University, Mira-Str., 19, 620002 Ekaterinburg, Russia
Andrey Vladimirovich Kiselev: Department of Environmental Economics, Ural Federal University, Mira-Str., 19, 620002 Ekaterinburg, Russia
Lucian-Ionel Cioca: Department of Industrial Engineering and Management, Lucian Blaga University of Sibiu, 550024 Sibiu, Romania

IJERPH, 2022, vol. 19, issue 18, 1-21

Abstract: In view of the current agenda in the field of climate and environmental conservation, the requirements for environmental project appraisal are being tightened: the evaluation of environmental indicators of project implementation should be carried out on a par with indicators of its economic performance. Current approaches to the assessment of environmental and economic efficiency do not completely cover the negative environmental impacts of a project’s implementation, and this reduces the effectiveness of the evaluation. Therefore, it is necessary to develop a system of environmental indicators that will address the specifics of the industry. This is made possible on the basis of determining a list of key factors that should be included in the evaluation system. The purpose of this study is to determine the most significant factors for establishing a simple yet thorough assessment framework to evaluate the efficiency of energy investment projects. Research methodology includes an a priori ranking method and analysis of interrelations between factors. Based on the results obtained, the authors have formed a list of key factors that could become the basis of a future system of environmental indicators for the efficiency assessment of energy projects.

Keywords: efficiency assessment; eco-modernization; energy sector; fossil fuels (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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