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dc.contributor.authorGroth, T.
dc.contributor.authorScholtens, Bert
dc.identifier.citationGroth , T & Scholtens , B 2016 , ' A comparison of cost-benefit analysis of biomass and natural gas CHP projects in Denmark and the Netherlands ' , Renewable Energy , vol. 86 , pp. 1095-1102 .
dc.identifier.otherORCID: /0000-0001-5774-5191/work/27162428
dc.descriptionThe authors are grateful for the funding provided by the Erasmus program for financing international collaboration and to the Edgar – Macredes project for funding part of the research time.en
dc.description.abstractWe investigate what drives differences in the project appraisal of biomass and natural gas combined heat and power (CHP) projects in two countries with very similar energy profiles. This is of importance as the European Commission is assessing the potential scope of harmonizing renewable electricity support schemes post 2020. Concurrently, it is also promoting the use of cost benefit analysis (CBA) for transnational energy infrastructure projects. We use CBA to assess the same project proposal in Denmark and the Netherlands, following the respective country's guidelines. We find that especially the fuel costs and the valuation of emissions drive the differences. Furthermore, we establish that the sensitivity of the CBA results not only from policy differences in the countries, but also from differences in the methodology used.
dc.relation.ispartofRenewable Energyen
dc.subjectCost-benefit analysisen
dc.subjectCombined heat and poweren
dc.subjectNet present valueen
dc.subjectHD28 Management. Industrial Managementen
dc.subjectSDG 7 - Affordable and Clean Energyen
dc.titleA comparison of cost-benefit analysis of biomass and natural gas CHP projects in Denmark and the Netherlandsen
dc.typeJournal articleen
dc.contributor.institutionUniversity of St Andrews. School of Managementen
dc.contributor.institutionUniversity of St Andrews. Centre for Responsible Banking and Financeen
dc.description.statusPeer revieweden

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