New Energy Externalities Developments for Sustainability – NEEDS
NEEDS is an Integrated Project that aims to continue the work on the external costs of energy use that was intiated by past projects. FEEM is leader of the stream on externalities arising from the extraction and transport of energy.
NEEDS is an Integrated Project that aims to continue the work on the external costs of energy use initiated by past projects. Its ultimate objective is to evaluate the full costs and benefits (i.e. direct and external) of energy policies and of future energy systems, both at the level of individual countries and for the enlarged EU as a whole.
The project is built as a series of "research streams". FEEM’s contribution takes place within the stream dealing with the externalities arising from the extraction and transport of energy. In particular the research in which FEEM is involved aims to:
- deepen the methodology and the assessment of those activities that have not been adequately analysed in the past, like oil and gas extraction and transport, electricity transport, transport of hydrogen etc.; and
- make a realistic quantitative assessment of externalities associated with the upstream activities (extraction and transport) of the fuel chain.
Of particular interest will be the valuation of accidents involving tanker vessels, the transport of oil and gas over long distances and an assessment of the risk reduction potential from new technology and regulation.
The methodology that will be used is the same as in ExternE: the careful modelling of the impact pathway by which emissions from an activity are dispersed in the ambient environment, an assessment of these impacts and their valuation in quantitative terms.
FEEM is involved in the analysis of all energy vectors, and in particular is Working Package lead for the analysis of externalities related to the extraction and transportation of oil.