A4 Conference proceedings

Regional Energy Model -Based Approach to Identify New Business Opportunities While Increasing Energy Efficiency

Open Access publication

Publication Details
Authors: Vinokurov Mihail, Luoranen Mika

Publication year: 2016
Language: English
Related Journal or Series Information: CIB World Building Congress
Title of parent publication: Proceedings of the CIB World Building Congress 2016
Volume number: Volume 1
Issue number: Creating Built Environments of New Opportunities
Start page: 126
End page: 138
ISBN: 978-952-15-3740-0
eISBN: 978-952-15-3741-7
ISSN: 1797-8904
JUFO-Level of this publication: 1
Open Access: Open Access publication

The importance of reduction of energy use in tackling climate change is widely recognized. The greenhouse gas (GHG) emissions of energy production are high, while the biggest share of energy consumption belongs to the built environment and industry. Various regulations and treaties create pressure for reducing GHG emissions on both regional and national level.

The energy sector provides significant potential for tackling climate change. However, achieving the goals will require changing the traditional energy systems of the society. Here, introduction of renewable energy sources, as well as increasing the efficiency of energy production, transmission and consumption, are needed. Major changes in regional energy systems are most likely to occur in the near future, an important one being the increasing of self-production of energy, where actors traditionally considered as consumers of energy will become also producers. The upcoming changes will create challenges for decision-making related to the development of energy systems, as traditional approaches will become insufficient to operate under the new conditions. The changed patterns of regional energy systems also create new business opportunities, and the recognition of them is important to integrate into the decision-making processes in order to support sustainable development of the energy system in the region.

This study proposes a regional energy model -based approach to identify new business opportunities in changing conditions and to support sustainable development of the energy system. The framework of the approach requires modelling the current state of the energy system of particular region. This includes identification of the different actors within the energy system and the energy flows between them. Such an approach makes it possible to compare different future development scenarios and evaluate them in terms of environmental, economic and other targets. The approach can help the different actors within the energy system (energy production, industry, buildings, services, etc.) to develop their operations by providing them with holistic information on the current state of the energy system, possible development paths, future energy demands, realization of sustainability targets, as well as emerging new business opportunities.

Last updated on 2018-19-10 at 08:49