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[EN] The problem of financing renewable energy (RE) projects has become a crucial issue for private and public decision-makers worldwide. Based on the European experience, the lack of credit makes it difficult for commercial banks to fund RE projects with traditional loans. In recent years, Project Finance has been widely used as a mechanism for funding RE projects. Project Finance decisions from lenders are made in a traditional way including quantitative financial criteria and qualitative risk assessment for non-financial criteria. In this paper, we show how the VIKOR method is applied to the selection of RE projects to be funded by commercial banks when using Project Finance. The method is combined with the AHP method for weighting the importance of the different criteria. We propose a multicriteria approach to select RE projects in which the decision maker takes into consideration financial criteria and a set of non-financial criteria regarding the technological, political-legal and socio-environmental risks of RE projects. In order to gain insight into the RE financial decision-making process, the paper makes a contribution to research in the financial field of RE investments and proposes some suggestions for managerial and practical decision making. ; Garcia-Bernabeu, A.; Mayor-Vitoria, F.; Bravo Selles, M.; Pla Santamaría, D. (2019). Financial risk management in renewable energy projects: A multicriteria approach. Journal of Management Information and Decision Sciences. 22(4):360-371. http://hdl.handle.net/10251/164156 ; S ; 360 ; 371 ; 22 ; 4

360 371 22 4 ; S ; [EN] The problem of financing renewable energy (RE) projects has become a crucial issue for private and public decision-makers worldwide. Based on the European experience, the lack of credit makes it difficult for commercial banks to fund RE projects with traditional loans. In recent years, Project Finance has been widely used as a mechanism for funding RE projects. Project Finance decisions from lenders are made in a traditional way including quantitative financial criteria and qualitative risk assessment for non-financial criteria. In this paper, we show how the VIKOR method is applied to the selection of RE projects to be funded by commercial banks when using Project Finance. The method is combined with the AHP method for weighting the importance of the different criteria. We propose a multicriteria approach to select RE projects in which the decision maker takes into consideration financial criteria and a set of non-financial criteria regarding the technological, political-legal and socio-environmental risks of RE projects. In order to gain insight into the RE financial decision-making process, the paper makes a contribution to research in the financial field of RE investments and proposes some suggestions for managerial and practical decision making. Garcia-Bernabeu, A.; Mayor-Vitoria, F.; Bravo Selles, M.; Pla Santamaría, D. (2019). Financial risk management in renewable energy projects: A multicriteria approach. Journal of Management Information and Decision Sciences. 22(4):360-371. http://hdl.handle.net/10251/164156

This product is not available separately, it is only sold as part of a set. There are 750 products in the set and these are all sold as one entity, Risk assessment is considered by many analysts to be an objective scientific tool. It is considered to be variously influenced by broader issues which in turn have important practical implications both for risk assessors and decision makers. Risk Assessment and Risk Management examines a range of practical applications of risk assessment methods and risk management procedures in the broad context of environmental science and technology. Written by acknowledged experts in the field, the articles cover a variety of areas, with reference to subjects as diverse as BSE, the use of risk assessment in government, using computer modelling as an aid to risk assessment in the case of accidental contamination of rivers and estuaries, quantitative cancer risk assessment related to carcinogens in the environment, landfilling of household wastes, environmental risk assessment and management of chemicals, and aquatic risk assessment and management of pesticides. This book provides a detailed and wide-ranging review of the many aspects of risk assessment and risk management which have excited so much debate and controversy in recent times. It will be essential reading for all those involved in the assessment and management of risk, particularly in the context of environmental science

The implementation of energy retrofit of residential buildings faces many risks around the world, especially in China, leading to low retrofit progress. Stakeholders&rsquo ; proactive risk management is the key to the smooth implementation of retrofit projects but is normally affected by risk perception. Perceived risks instead of real risks are the motivators of their proactive behaviours. This paper aims to understand and address the present risk perception of stakeholders in order to drive effective proactive risk mitigation practices. Based on a risk list identified through a literature review and interviews, a questionnaire survey was then made to analyse and compare different stakeholders&rsquo ; perceptions of each risk by measuring the levels of their concern about risks. It is validated that all the stakeholder groups tend to mitigate risks perceived highly proactively. Proactive risk management of risk-source-related stakeholders deserves more attention and responsibility-sharing with transaction costs (TCs) considerations contribute to the enhancement of risk perception. More responsibilities of construction quality and maintenance is taken by the government and contractors should be clarified, and the government should also be responsible for assisting design work. Effective information is beneficial to the decrease in homeowners&rsquo ; risk perception that can motivate their initiative of cooperation.

The adoption of energy strategies is increasingly crucial for organisations, driven by the need to decrease energy cost and greenhouse gas emissions. The research evaluates the financial and risk-related factors influencing energy management strategies within South African organisations. The study delved into various financial aspects such as bank loans, corporate sponsorships, government funding, tax rebates and own funding alongside risk factors including disaster, reputational, operational, regulatory, strategic, financial, market, liquidity and credit risks. Using a quantitative non-experimental research design, data was collected through a questionnaire from 142 participants in the financial services industry, yielding a response from 77 individuals. Results indicate a predominant use of internal funding for energy projects, with limited utilisation of external funding options. Financial benefits such as reduced operating costs and potential tax rebates were acknowledged, yet challenges including high capital investment and inadequate finance were highlighted. Furthermore, risk management emerged as integral, although the involvement of risk management departments in energy strategy formulation was limited. Identified risks varied with disaster, reputational and operational risks ranking the highest. The study underscores the need for greater integration of risk management into energy strategy development to effectively address risk exposures. Organisations must balance the approach to energy strategy implementation with the organisational objectives and environmental responsibilities. Further research opportunities exist to explore alternative financing methods and address existing barriers to optimal energy strategy implementation.