Toward Sustainable Collections Management in the Yale Peabody Museum: Risk Assessment, Climate Management, and Energy Efficiency

Das Risikomanagement von Energieeffizienzmaßnahmen ist ein bislang noch wenig betrachtetes Forschungsfeld. Daher behandelt dieser Beitrag die Risikobewertung von Energieeffizienzmaßnahmen. Bestehende Methoden zur Risikobewertung basieren unter anderem auf der Fuzzy-Logik. Ihr Vorteil ist die einfache Quantifizierung von qualitativem Expertenwissen für die Analyse der Risikostruktur. Der Beitrag nutzt die Fuzzy-Logik, um eine Methode für die Risikobewertung von Energieeffizienzmaßnahmen unter Einbeziehung von Expertenwissen zu präsentieren und ordnet diese in bestehende Ansätze zur Risikobewertung ein.   The risk management of energy efficiency measures is a research field that has been little considered so far. The article focuses on the risk assessment of energy efficiency measures. Existing methods for risk assessment include approaches based on fuzzy logic. Advantage is the simple inclusion of quantification of qualitative expert knowledge for the analysis of the risk structure. The article uses fuzzy logic to present a method for the risk assessment of energy efficiency measures involving expert knowledge and integrates it into existing risk assessment approaches.

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Development of an ESCO Risk Assessment Model as a Decision-Making Tool for the Energy Savings Certificates Market Regulator: A Case Study

Applied Sciences ◽

10.3390/app10072552 ◽

2020 ◽

Vol 10 (7) ◽

pp. 2552 ◽

Cited By ~ 1

Author(s):

Mohsen Ahmadi ◽

Mohsen Hatami ◽

Peyman Rahgozar ◽

Salar Shirkhanloo ◽

Shahriar Abed ◽

...

Keyword(s):

Risk Assessment ◽

Energy Efficiency ◽

Net Present Value ◽

Energy Savings ◽

Organic Rankine Cycle ◽

Assessment Model ◽

Risk Assessment Model ◽

Present Value ◽

Investment Cost

This article is focused on developing an Energy Service Company (ESCO) risk assessment model for use by energy savings certificates (ESC) market regulators. This model enables market regulators to determine the appropriate point in time for ESCOs to sell their certificates with the aim of minimizing risk as well as maximizing economic gain yet remain motivated for reducing the cost of energy efficiency technologies. To this end, the interactions between an ESCO and other parties (such as suppliers) in the market in addition to the principles of the energy efficiency performance contract are taken into consideration. Then, appropriate probability distributions have been fitted to the stochastic variables to be applied in the Net Present Value (NPV) function, based on sampled company data. A case study considers a one MW Organic Rankine Cycle (ORC) implementation in Iran’s petrochemical industry. The finding of this study shows if the ESCO is allowed to sell the certificates during the first seven years as well reduce 30% of the investment cost, the expected Net Present Value over Investment Cost (NPV/I) savings will cover more than one cycle.

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Barriers to Energy Efficiency – Focus on Transaction Costs

Acta Polytechnica ◽

10.14311/1247 ◽

2010 ◽

Vol 50 (4) ◽

Author(s):

M. Valentová

Keyword(s):

Risk Assessment ◽

Energy Efficiency ◽

Transaction Costs ◽

Policy Making ◽

Energy Prices ◽

Lack Of Information ◽

Principal Agent Problem ◽

Effective Policy ◽

Barriers To Energy Efficiency ◽

Energy Efficiency Potential

This paper assesses the main barriers that prevent economic energy efficiency potential from being realized. The main barriers discussed here include energy prices (and prices of technology), limited access to capital, lack of information, incorrect risk assessment (i.e. setting a discount rate), the principal-agent problem and transaction costs. Transaction costs are analyzed in greater detail, as they are one way or another related to all of the barriers mentioned here. Based on the analysis, there is a discussion of implications for effective policy making. These are specially needed for transaction costs, where the availability of empirical data is very limited.

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