<abstract xmlns="http://www.w3.org/1999/xhtml"> This paper presents a new approach for reducing the CO2 emissions in the transport sector based on emission compensation. A cost-benefit analysis method of investments in photovoltaic parks at petrol stations is used, which accounts for all the initial investments and maintenance costs in terms of expenses. The benefits are divided into financial and ecological. The method has been implemented in the specialised cost-benefit analysis tool, and an analysis has been performed for the city of Ruse, Bulgaria. Risk analysis on the influence of the main risk factors - the price of conventional energy and the buying price of energy from renewable energy sources is also performed. The results showed that investments in photovoltaic parks at petrol stations could pay off within 6 to 9 years in the more likely scenarios. The investment could reduce the CO2 emissions, related to the petrol station, by 10% to 37% depending on the scenario and the criterion used.</abstract>

This paper presents a new approach for reducing the CO2 emissions in the transport sector based on emission compensation. A cost-benefit analysis method of investments in photovoltaic parks at petrol stations is used, which accounts for all the initial investments and maintenance costs in terms of expenses. The benefits are divided into financial and ecological. The method has been implemented in the specialised cost-benefit analysis tool, and an analysis has been performed for the city of Ruse, Bulgaria. Risk analysis on the influence of the main risk factors - the price of conventional energy and the buying price of energy from renewable energy sources is also performed. The results showed that investments in photovoltaic parks at petrol stations could pay off within 6 to 9 years in the more likely scenarios. The investment could reduce the CO2 emissions, related to the petrol station, by 10% to 37% depending on the scenario and the criterion used.

Compensation of CO2 Emissions from Petrol Stations with Photovoltaic Parks: Cost-Benefit and Risk Analysis

Acta Technologica Agriculturae

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Compensation of CO Emissions from Petrol Stations with Photovoltaic Parks: Cost-Benefit and Risk Analysis

This paper presents a new approach for reducing the CO2 emissions in the transport sector based on emission compensation. A cost-benefit analysis method of...

Compensation of CO₂ Emissions from Petrol Stations with Photovoltaic Parks: Cost-Benefit and Risk Analysis

Published Online: Dec 21, 2017

Page range: 85 - 90

DOI: https://doi.org/10.1515/ata-2017-0017

Keywords
transport, carbon emissions, renewable energy sources, cost-benefit, net present value, return on investment

© Slovak University of Agriculture in Nitra

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Compensation of CO2 Emissions from Petrol Stations with Photovoltaic Parks: Cost-Benefit and Risk Analysis

Published Online: Dec 21, 2017

Page range: 85 - 90

DOI: https://doi.org/10.1515/ata-2017-0017

Keywordstransport, carbon emissions, renewable energy sources, cost-benefit, net present value, return on investment

© Slovak University of Agriculture in Nitra

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Compensation of CO₂ Emissions from Petrol Stations with Photovoltaic Parks: Cost-Benefit and Risk Analysis

Keywords
transport, carbon emissions, renewable energy sources, cost-benefit, net present value, return on investment