A Heuristic Approach to the Decision-Making Process of Energy Prosumers in a Circular Economy

Gimeno, José Ángel; Llera‐Sastresa, Eva; Scarpellini, Sabina

doi:10.3390/app10196869

Cited by 13 publications

(7 citation statements)

References 36 publications

(33 reference statements)

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“…The questions in the interviews were designed in accordance with other studies that have concentrated on the adoption of RES technologies or the CE in a territory [71][72][73]. PtG development potential was analyzed based on the opinion of 15 experts selected by the authors as key informants according to their background.…”

Section: Methodsmentioning

confidence: 99%

Methodology for Dimensioning the Socio-Economic Impact of Power-to-Gas Technologies in a Circular Economy Scenario

et al. 2020

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Innovative and sustainable energy technologies are needed in the transition of energy toward a circular economy. Because of the use of renewable energy and carbon utilization, power-to-gas could be a cutting-edge technology that supports the circular model in future sustainable energy markets. However, this technology faces new technical and socio-economic challenges. The use of power-to-gas is limited because of barriers that limit the mobilization of investment capital. In addition, social and economic impacts on the territories in which these facilities are located are under study. In this context, the aims of this paper are: (i) To explore the determinants and barriers for power-to-gas technology to enhance the understanding of investment in innovative energy technologies; and (ii) to support effective policymaking and energy companies’ decision-making processes. This study defines and measures, from a circular economy perspective, the main impacts of the deployment of this technology on a territory in terms of volume of investment, employment generation, and CO2 capture. The study also provides a simplified methodology to contribute to the analysis of the use of power-to-gas. Finally, it improves the knowledge of the socio-economic impact of this cutting-edge technology for the transition of energy to a zero-emission scenario.

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Section: Methodsmentioning

confidence: 99%

Methodology for Dimensioning the Socio-Economic Impact of Power-to-Gas Technologies in a Circular Economy Scenario

et al. 2020

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“…Gimeno, Llera-Sastresa, and Scarpellini [109] A heuristic approach to the decision-making process of energy prosumers in a circular economy…”

Section: Case Studymentioning

confidence: 99%

Circular Economy and Financial Aspects: A Systematic Review of the Literature

2022

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The objective of this article is to analyze the pre-existing studies that investigate the link between the circular economy and financial aspects in order to understand the evolution of the circular economy literature and its relationship with finance. In addition, it proposes an investigation of empirical evidence of economic-financial gains resulting from the adoption of circular production practices. The methodology used to achieve this goal was a systematic review of the literature and bibliometric analysis. Thus, it was possible to conclude that the barriers faced by companies adopting the circular economy in relation to financial performance are defined by (i) the size of the business and the initial investment cost, (ii) difficulties for micro and small companies, (iii) to a more complex structuring of the business, and (iv) greater exposure to risk, as the circular economy is a new concept and is and not as representative as a linear standard system. The results show that few studies investigate corporate gains from circular production, which is, therefore, an important topic for future research and the major contribution of this paper.

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“…Availability of capital [52][53][54] Financing conditions [13,14,27,36] Capital cost [28][29][30][31] Financial incentives and public funds [12,14,28,43,44,49,50,53,55] Alternative financial sources [24] Balcombe et al [7] present the results of a simulation of 30 households with different energy demand profiles in the United Kingdom. Gimeno et al [52] study 35 photovoltaic self-consumption installations in Spain during 2016 and 2017 to analyse information about their technical characteristics and economic and financial aspects.…”

Section: Investment Decisionsmentioning

confidence: 99%

Financial Resources for the Investments in Renewable Self-Consumption in a Circular Economy Framework

et al. 2021

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The availability of financial resources has been pointed out as one of the determining factors for the investment in renewable self-consumption solutions for the energy transition in the European Union. In economic terms, the barriers to investment are related to low levels of profitability and difficulties in accessing financing in some European regions. These barriers must be overcome to foster a sustainable energy transition. However, this topic of analysis is still underexplored in the literature to date. This study provides a characterisation of the financial resources applied to self-consumption from an economic–financial approach to the decision-making investors in a case study in Spain from a novel focus on the subject. The relevance of alternative financial resources as a mechanism to reduce existing barriers is revealed through the analysis of the active role that installers play in making investment decisions, facilitating the growth of self-consumption. The alternative financial channels and the bank intermediation for renewables are topics of interest to promote the energy transition towards a low-carbon economy.

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A Heuristic Approach to the Decision-Making Process of Energy Prosumers in a Circular Economy

Cited by 13 publications

References 36 publications

Methodology for Dimensioning the Socio-Economic Impact of Power-to-Gas Technologies in a Circular Economy Scenario

Methodology for Dimensioning the Socio-Economic Impact of Power-to-Gas Technologies in a Circular Economy Scenario

Circular Economy and Financial Aspects: A Systematic Review of the Literature

Financial Resources for the Investments in Renewable Self-Consumption in a Circular Economy Framework

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