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Ordinal benefits vs economic benefits as a reference guide for policy decision making. The case of hydrogen technologies

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  • Giannantoni, Corrado

Abstract

The paper presents an Investment Evaluation Method in Energetic–Economic–Environmental field which is particularly indicated for Hydrogen Technologies because it enables us to account not only for the traditional economic return and the possible negative externalities (damages), but also for: i) the induced economic benefits at a social level; ii) those positive (and negative) externalities usually considered as being estimable in economic terms as “proxies”; iii) and, finally, Ordinal Benefits. That is those Benefits which are never ever reducible to a simple monetary value, nonetheless they can always be object of a possible estimation, still in economic terms, by means of values understood as a “cipher”.

Suggested Citation

  • Giannantoni, Corrado, 2009. "Ordinal benefits vs economic benefits as a reference guide for policy decision making. The case of hydrogen technologies," Energy, Elsevier, vol. 34(12), pages 2230-2239.
    • Handle: RePEc:eee:energy:v:34:y:2009:i:12:p:2230-2239
    DOI: 10.1016/j.energy.2008.12.019
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    References listed on IDEAS

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    1. Giannantoni, C. & Lazzaretto, A. & Macor, A. & Mirandola, A. & Stoppato, A. & Tonon, S. & Ulgiati, S., 2005. "Multicriteria approach for the improvement of energy systems design," Energy, Elsevier, vol. 30(10), pages 1989-2016.
    2. Brown, M. T. & Herendeen, R. A., 1996. "Embodied energy analysis and EMERGY analysis: a comparative view," Ecological Economics, Elsevier, vol. 19(3), pages 219-235, December.
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    Cited by:

    1. Giannantoni, Corrado, 2014. "The Relevance of Emerging Solutions for Thinking, Decision Making and Acting. The case of Smart Grids," Ecological Modelling, Elsevier, vol. 271(C), pages 62-71.
    2. Giannantoni, Corrado & Zoli, Mariangela, 2010. "The Four-Sector Diagram of Benefits (FSDOB) as a method for evaluating strategic interactions between humans and the environment: The case study of hydrogen fuel cell buses," Ecological Economics, Elsevier, vol. 69(3), pages 486-494, January.

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