Hybrid Predictive Decision-Making Approach to Emission Reduction Policies for Sustainable Energy Industry

• Published in: Energies (Basel) Vol. 13; no. 9; p. 2220
• Main Authors: Zhou, Chao, Liu, Dongyu, Zhou, Pengfei, Luo, Jie, Yuksel, Serhat, Dincer, Hasan
• Format: Journal Article
• Language: English
• Published: Basel MDPI AG 01-05-2020
• Subjects: Alternative energy sources; Carbon; Climate change; Decision making; Economic development; Economic growth; Emission measurements; emission reduction; Emissions; Emissions control; Energy industry; energy investments; Energy policy; Environmental factors; Environmental management; Financial analysis; Financial institutions; forecasting; Fuzzy logic; Fuzzy sets; Industrial development; International finance; Investments; IT2 fuzzy sets; Multiple criterion; Politics; Population; Priorities; Production capacity; Provinces; QUALIFLEX; Success; Sustainability; United States > US; China
• ISSN: 1996-1073; 1996-1073
• DOI: 10.3390/en13092220

Carbon emissions are a prominent issue for sustainable energy production and management. Energy policies under the growing competitive environment could change the priorities of emission reduction and investment decisions. This paper aims to forecast carbon emissions from China and to rank the importance of carbon emissions with interval type 2 (IT2) fuzzy sets (FS) for sustainable energy investments. For this purpose, the quadratic model is applied to measuring emission trends and the Qualitative Flexible Multiple Criteria Method (QUALIFLEX) is used for measuring sustainable energy investment alternatives by the several emission levels. Forecasted values of 29 provinces in China are converted into the linguistic and fuzzy numbers based on IT2 FS respectively to measure the priorities of emission reduction for sustainable economies. The novelty of this paper is to propose a hybrid decision-making approach based on quadratic modeling and the QUALIFLEX method and to discuss the overall energy emission trend and policies for sustainable economic growth. The results demonstrate that emission reduction policies are the most important phenomenon and the environmental factors should be widely considered to construct sustainable energy investments and production.