Methodology for integrated socio-economic assessment of offshore platforms : towards facilitation of the implementation of the marine strategy framework directive

Koundouri, P. and Dávila, O.G. and Stithou, M. and Babalos, V. and Xepapadeas, A. and Anastasiou, I. and Antypas, A. and Kourogenis, N. and Mousoulides, A. and Mousoulidou, M. and Ahrensberg, N. and Zanuttigh, B. and Zagonari, F. and Lange, M.A. and Jimenez, C. and Charalambous, E. and Rosen, L. and Lindhe, A. and Norrman, J. and Norberg, T. and Söderqvist, T. and Pedersen, A. and Troianos, D. and Frentzos, A. and Krontira, Y. and Losada, I.J. and Diaz-Simal, P. and Guanche, R. and de Bel, M. and He, W. and Kabdasli, S. and Elginöz, N. and Oguz, Elif and Bagci, T. and Bas, B. and Cantu, M. and Masotti, M. and Suffredini, R. and Stuiver, M. (2013) Methodology for integrated socio-economic assessment of offshore platforms : towards facilitation of the implementation of the marine strategy framework directive. Preprint / Working Paper. Athens University of Economics and Business, Athens. (http://econpapers.repec.org/paper/auewpaper/1304.h...)

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Abstract

In this paper a Methodology for Integrated Socio-Economic Assessment (MISEA) of the viability and sustainability of different designs of Multi-Use Offshore Platforms (MUOPs) is presented. MUOPs are designed for multi-use of ocean space for energy extraction (wind power production and wave energy), aquaculture and transport maritime services. The developed methodology allows identification, valuation and assessment of: the potential range of impacts of a number of feasible designs of MUOP investments, and the likely responses of those impacted by the investment project. This methodology provides decision-makers with a valuable decision tool to assess whether a MUOP project increases the overall social welfare and hence should be undertaken, under alternative specifications regarding its design, the discount rate and the stream of net benefits, if a Cost-Benefit Analysis (CBA) is to be followed or sensitivity analysis of selected criteria in a Multi-Criteria Decision Analysis (MCDA) framework. Such a methodology is also crucial for facilitating of the implementation of the Marine Strategy Framework Directive (MSFD adopted in June 2008) that aims to achieve good environmental status of the EU's marine waters by 2020 and to protect the resource base upon which marine-related economic and social activities depend. According to the MSFD each member state must draw up a program of cost-effective measures, while prior to any new measure an impact assessment which contains a detailed cost-benefit analysis of the proposed measures is required.

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