Methodology for Integrated Socio-Economic Assessment of Offshore Platforms: Towards Facilitation of the Implementation of the Marine Strategy Framework Directive
Anastasios Xepapadeas (),
Marva Stithou (),
Osiel González Dávila (),
Phoebe Koundouri (),
Nikolaos Kourogenis (),
Manfred A. Lange,
Mark de Bel,
Roberto Suffredini and
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Marva Stithou: University of Stirling, UK
Antonios Antypas: Department of Banking and Financial Management, University of Piraeus
No 1304, DEOS Working Papers from Athens University of Economics and Business
In this paper a Methodology for Integrated Socio-Economic Assessment (MISEA) of the viability and sustainability of different designs of Multi-Use Offshore Platforms (MUOPs) is presented. MUOPs are designed for multi-use of ocean space for energy extraction (wind power production and wave energy), aquaculture and transport maritime services. The developed methodology allows identification, valuation and assessment of: the potential range of impacts of a number of feasible designs of MUOP investments, and the likely responses of those impacted by the investment project. This methodology provides decision-makers with a valuable decision tool to assess whether a MUOP project increases the overall social welfare and hence should be undertaken, under alternative specifications regarding its design, the discount rate and the stream of net benefits, if a Cost-Benefit Analysis (CBA) is to be followed or sensitivity analysis of selected criteria in a Multi-Criteria Decision Analysis (MCDA) framework. Such a methodology is also crucial for facilitating of the implementation of the Marine Strategy Framework Directive (MSFD adopted in June 2008) that aims to achieve good environmental status of the EU's marine waters by 2020 and to protect the resource base upon which marine-related economic and social activities depend. According to the MSFD each member state must draw up a program of cost-effective measures, while prior to any new measure an impact assessment which contains a detailed cost-benefit analysis of the proposed measures is required.
Keywords: Multi-Use Offshore Platforms; Integrated Socio-Economic Assessment; Marine Strategy Framework Directive; Program of Measures; Cost-Benefit Analysis (search for similar items in EconPapers)
JEL-codes: Q25 Q42 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cwa, nep-ene and nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:aue:wpaper:1304
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