Composite risk index for designing smart climate and energy policies
This study presents an innovative model for a comprehensive, in-depth risk assessment of climate and energy policies. A risk matrix framework combined with a composite index methodology is applied to produce a risk index composed of 24 risk indicators grouped into six main risk categories - politica...
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| Autores principales: | , |
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| Formato: | article |
| Lenguaje: | EN |
| Publicado: |
Elsevier
2021
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| Materias: | |
| Acceso en línea: | https://doaj.org/article/fe601c5a1bee40dead4ef663ca9fe1b2 |
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| Sumario: | This study presents an innovative model for a comprehensive, in-depth risk assessment of climate and energy policies. A risk matrix framework combined with a composite index methodology is applied to produce a risk index composed of 24 risk indicators grouped into six main risk categories - political, technical, economic, environmental, social and administrative. The model was applied to assess five different climate policy instruments, using both an ex-post and ex-ante assessment. The results highlight the critical risk factors for each policy instrument and identify existing policy vulnerabilities that require immediate mitigation action. The model could be used for decision-making at all levels of government and serve as a valuable tool for designing sustainable and successful environmental policies. |
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