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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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
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spelling doaj-9e4331081e6b4033842294ee79df9b9e2020-11-25T03:11:51ZengElsevierEnergy Strategy Reviews2211-467X2020-05-0129100485Multi-criteria decision analysis of electricity sector transition policy in KoreaDonghyun Choi0Young-Hwan Ahn1Dong Gu Choi2Department of Business Administration, Korea Army Academy, 495, Hoguk-Ro, Yeongcheon-si, Gyeongsangbuk-do, South KoreaInterdisciplinary Program for Global Environment, College of General Education, Sookmyung Women's University, 100, Cheongpa-ro 47 gil, Yongsan-gu, Seoul, South KoreaDepartment of Industrial and Management Engineering, Pohang University of Science and Technology (POSTECH), 77 Cheongam-Ro, Nam-Gu, Pohang, Gyeongsangbuk-do, 37673, South Korea; Corresponding author.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.http://www.sciencedirect.com/science/article/pii/S2211467X20300389MCDMGoal programmingElectricity sector transitionEnergy system modelPolicy analysis
collection DOAJ
language English
format Article
sources DOAJ
author Donghyun Choi
Young-Hwan Ahn
Dong Gu Choi
spellingShingle Donghyun Choi
Young-Hwan Ahn
Dong Gu Choi
Multi-criteria decision analysis of electricity sector transition policy in Korea
Energy Strategy Reviews
MCDM
Goal programming
Electricity sector transition
Energy system model
Policy analysis
author_facet Donghyun Choi
Young-Hwan Ahn
Dong Gu Choi
author_sort Donghyun Choi
title Multi-criteria decision analysis of electricity sector transition policy in Korea
title_short Multi-criteria decision analysis of electricity sector transition policy in Korea
title_full Multi-criteria decision analysis of electricity sector transition policy in Korea
title_fullStr Multi-criteria decision analysis of electricity sector transition policy in Korea
title_full_unstemmed Multi-criteria decision analysis of electricity sector transition policy in Korea
title_sort multi-criteria decision analysis of electricity sector transition policy in korea
publisher Elsevier
series Energy Strategy Reviews
issn 2211-467X
publishDate 2020-05-01
description 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.
topic MCDM
Goal programming
Electricity sector transition
Energy system model
Policy analysis
url http://www.sciencedirect.com/science/article/pii/S2211467X20300389
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