Publication:
Introduction to an exergy-based socioeconomic analysis

dc.affiliation.dptoUC3M. Departamento de Ingeniería Térmica y de Fluidoses
dc.affiliation.grupoinvUC3M. Grupo de Investigación: Ingeniería de Sistemas Energéticoses
dc.contributor.authorPetrakopoulou, Foteini Konstantina
dc.contributor.authorBatuecas Fernández, Esperanza
dc.contributor.funderUniversidad Carlos III de Madrides
dc.contributor.funderMinisterio de Ciencia, Innovación y Universidades (España)es
dc.date.accessioned2022-05-24T12:29:48Z
dc.date.available2023-12-01T00:00:05Z
dc.date.issued2021-12-01
dc.description.abstractThis study introduces and validates an exergy-based, socioeconomic (ESEC) analysis that couples economic expressions of environmental impacts (external costs) with conventional costs and thermodynamics. The ESEC analysis improves on previous approaches by combining disparate analyses into one framework based on monetary costs, which facilitates robust, multi-criteria optimization of energy-conversion systems. As a proof of concept, it is applied to a combined-cycle power plant (reference plant) and a power plant with chemical looping combustion (CLC plant). The results show good agreement with the results of the individual exergoeconomic and exergoenvironmental analyses. Nevertheless, the analysis shows some bias towards the economic results, which reveals a higher inherent weight of that component of the evaluation. Critically, the consideration of the costs of environmental impacts through the ESEC analysis produces a significant shift in the comparative performance of the plants. The relative increase in the levelized cost of electricity of the CLC plant compared to the reference plant falls from 23.4% to 7.2% when external costs are included. This reveals a strong effect of the environmental impacts on the overall outcome and shows the potential importance of their inclusion in design evaluations for policy and decision making.en
dc.description.sponsorshipFontina Petrakopoulou would like to thank the Spanish Ministry of Science, Innovation and Universities and the Universidad Carlos III de Madrid (Ramón y Cajal Programme, RYC-2016-20971)en
dc.description.statusPublicadoes
dc.format.extent17
dc.identifier.bibliographicCitationEnergy Conversion and Management, (2021), 249:114853.en
dc.identifier.doihttps://doi.org/10.1016/j.enconman.2021.114853
dc.identifier.issn0196-8904
dc.identifier.publicationissue114853
dc.identifier.publicationtitleENERGY CONVERSION AND MANAGEMENTen
dc.identifier.publicationvolume249
dc.identifier.urihttps://hdl.handle.net/10016/34886
dc.identifier.uxxiAR/0000029193
dc.language.isoengen
dc.publisherElsevieren
dc.relation.projectIDGobierno de España. RYC-2016-20971es
dc.rights© 2021 Elsevier Ltd. All rights reseren
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España*
dc.rights.accessRightsopen accessen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/*
dc.subject.ecienciaIngeniería Industriales
dc.subject.otherExternal costsen
dc.subject.otherEnergy systemsen
dc.subject.otherPower plantsen
dc.subject.otherExergyen
dc.subject.otherSocioeconomicen
dc.subject.otherLife cycle assessment (LCA)en
dc.titleIntroduction to an exergy-based socioeconomic analysisen
dc.typeresearch article*
dc.type.hasVersionAM*
dspace.entity.typePublication
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