Technology Diffusion under Uncertainty
The PROSUITE Project studied the PROspective SUstaInability Assessment of TEchnologies. This European project delivered a novel methodology, framework and software tool for conducting sustainability assessment of products and technologies within a life cycle approach.
Thus, taking into account market, environmental, price, and policy uncertainties, an analysis took place of investment in carbon capture and storage (CCS; see image above), of modules fitted to traditional fossil-fuel-fired or new biomass power plants, independent green power energy islands, and wind farms of various magnitudes.
Diffusion of coal under uncertainty
The results will enable policymakers to use the available instruments, like feed-in tariffs or subsidies, more efficiently and design better policies to foster investment in new technologies.
