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The use of multiple criteria decision making methodologies for the promotion of RES through funding schemes in Cyprus, A review

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  • Theodorou, Savvas
  • Florides, Georgios
  • Tassou, Savvas
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    Abstract

    In isolated energy systems with no indigenous sources of energy such as the one of the Republic of Cyprus, the renewable energy option is the only alternative to achieve energy independence. Though, the relative technological maturity of renewable energy sources and their satisfactory efficiencies, their implementation has not reached the expected levels in many regions. This situation is mainly due to the fact that the up-to-date efforts for their development have been underestimated and the parameters involved in drafting subsidy schemes are in some cases misinterpreted and not given the appropriate attention. Decision makers are faced with ongoing major energy challenges such as fossil fuel depletion, increasing demand, energy prices and thus the move towards a sustainable energy development is crucial and highly complicated. This paper investigates the use of MCDM methods and then implements the methods for three subsidy schemes available in Cyprus.

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    Bibliographic Info

    Article provided by Elsevier in its journal Energy Policy.

    Volume (Year): 38 (2010)
    Issue (Month): 12 (December)
    Pages: 7783-7792

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    Handle: RePEc:eee:enepol:v:38:y:2010:i:12:p:7783-7792

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    Web page: http://www.elsevier.com/locate/enpol

    Related research

    Keywords: Multi criteria analysis Renewable energy sources Funding schemes;

    References

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    Cited by:
    1. Mikkel Bojesen & Luc Boerboom & Hans Skov-Petersen, 2014. "Towards a sustainable capacity expansion of the Danish biogas sector," IFRO Working Paper 2014/03, University of Copenhagen, Department of Food and Resource Economics.
    2. Doukas, Haris, 2013. "Modelling of linguistic variables in multicriteria energy policy support," European Journal of Operational Research, Elsevier, vol. 227(2), pages 227-238.

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