Multi-criteria decision analysis of electricity sector transition policy in Korea

The electricity sector in Korea is facing complex sustainability issues with recent government energy policy reprioritizing social and environmental concerns over economics. As a response, we developed a multi-criteria decision making (MCDM) model linked to an energy-system model to assess the susta...

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Bibliographic Details
Main Authors: Donghyun Choi, Young-Hwan Ahn, Dong Gu Choi
Format: Article
Language:English
Published: Elsevier 2020-05-01
Series:Energy Strategy Reviews
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2211467X20300389
Description
Summary:The electricity sector in Korea is facing complex sustainability issues with recent government energy policy reprioritizing social and environmental concerns over economics. As a response, we developed a multi-criteria decision making (MCDM) model linked to an energy-system model to assess the sustainability of different policy scenarios in the Korean electricity sector. Our analysis shows that, while the new transition policy is not an attractive option in total cost and emissions, it can be desirable when we consider other aspects. Based on several trade-off analyses among different criteria, the most preferred direction of energy transition is reducing coal. This study, based on realistic policy scenarios, will assist in resolving the sustainability conundrum of the Korean energy sector.
ISSN:2211-467X