Towards robust renewable energy investment decisions at the territorial level. (1st April 2021)

• Record Type: Journal Article
• Authors: Koponen, Kati; Le Net, Elisabeth
• Is Part Of: Applied energy. Volume 287(2021)
• Publication Date: 2021-04-01
• Subjects: Robust decision-making -- Territory -- Renewable energy -- Heating -- Vulnerability; Power (Mechanics) -- Periodicals; Energy conservation -- Periodicals; Energy conversion -- Periodicals; 621.042
• DOI: 10.1016/j.apenergy.2021.116552
• Languages: English
• ISSNs: 0306-2619

Abstract

Highlights: Profound future uncertainty is present when planning renewable energy investments. Many decisions are made at the territorial level, especially related to heating. Simple decision-making tool allowing consideration of uncertainties is needed. We seek robust solutions performing well over a wide range of plausible futures. Current domestic natural gas heating performs badly in all futures simulated. Abstract: Considerable and fast investments in renewable energy technologies are needed in order to reduce greenhouse gas emissions to achieve the Paris Agreement climate change mitigation targets. Many of these investment decisions are made at the territorial level, especially those related to the heating sector. When choosing the most suitable energy investments, decision makers need to consider several performance indicators—economic, social and environmental—simultaneously. In addition, decision makers face profound uncertainty concerning the future, as decisions on energy systems are always long-term investments. We aim to provide territorial decision makers with a simple decision-making framework that combines a robust decision-making method with multi-criteria analysis and allows the inclusion of territorial features. The main aim is to develope a simple tool that provides data to seek robust solutions which will perform well over a wide range of plausible futures. The method proposed is illustrated with a case study on renewable heating solutions based in France. Heat pumps or central biomass plants are robust in various future conditions, while current domestic natural gas based heating performs badly compared to the renewable technologies.