国営エネルギー企業における脱炭素プロジェクト優先順位付けのためのリスク調整型多基準意思決定分析（MCDA）
Risk-Adjusted Multicriteria Decision Analysis (MCDA) Based on Financial and Non-Financial Factor Integration Model in Prioritizing Decarbonization Projects at National Energy Company (原題)
Rafi Herfini, Suhari Pranyoto, Eka Puspitawati
🤖 gxceed AI 要約
日本語
インドネシア国営石油会社Pertaminaの脱炭素プロジェクトを、財務指標（MAC、NPV、IRR、回収期間）に加え、財務リスクと非財務要因を統合したMCDAモデルで評価。174のイニシアチブのうち46を分析し、統合評価により優先順位が変化。再生可能エネルギー投資が最優先となり、意思決定支援ツールとして有効性を示した。
English
This study develops a risk-adjusted MCDA model integrating financial, financial-risk, and non-financial criteria to prioritize decarbonization projects at Indonesia's national energy company, Pertamina. Analyzing 46 initiatives, it shows that integrated assessment changes priority rankings compared to financial-only evaluation, with renewable energy investment ranking first. The model serves as a decision-support tool for decarbonization investment planning.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本ではSSBJ開示やカーボンプライシング導入が進む中、脱炭素投資の優先順位付け手法は実務的に有用。特にエネルギー企業の設備投資判断に示唆を与える。
In the global GX context
This paper contributes to global decarbonization investment practice by demonstrating a comprehensive MCDA framework that balances financial and non-financial factors, relevant for energy companies worldwide facing transition finance and disclosure pressures.
👥 読者別の含意
🔬研究者:MCDAと脱炭素投資評価の統合手法の実証例として参考になる。
🏢実務担当者:自社の脱炭素プロジェクト選定に応用可能な意思決定ツールの枠組みを提供。
🏛政策担当者:国営企業の脱炭素投資計画における優先順位付けの参考事例。
📄 Abstract（原文）
PT Pertamina (Persero)’s commitment to supporting Indonesia’s Net Zero Emissions 2060 target highlights the need to prioritize decarbonization projects based not only on financial feasibility but also on financial risks and non-financial factors. This study aimed to develop a Risk-Adjusted Multicriteria Decision Analysis (MCDA) model that integrates these three dimensions. The study employed a qualitative approach supported by descriptive quantitative analysis using data from PT Pertamina (Persero)’s decarbonization initiatives. Financial performance was assessed using Marginal Abatement Cost (MAC), Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period (PP), while financial risk and non-financial criteria were identified through a Focus Group Discussion (FGD) involving 23 experts with more than 10 years of experience in decarbonization, energy transition, energy investment, and risk management. Of the 174 decarbonization initiatives identified, 46 strategies had complete data and were eligible for assessment across all financial, financial-risk, and non-financial indicators. The results showed that integrating all criteria changed the project priority rankings compared with assessments based solely on financial performance. The Renewable Energy Investment for Marine and Terminal Operations strategy ranked first, with a weighted composite score of 4.87, followed by Installation of ESD (fin, duct, etc.) with a score of 4.68 and Shore Connection (Cold Ironing) for Auxiliary Engine Replacement Using Grid/Generated Electricity with a score of 4.59. The proposed model generated a more comprehensive prioritization framework and may serve as a decision-support tool for decarbonization investment planning.
🔗 Provenance — このレコードを発見したソース
- crossref https://doi.org/10.57096/return.v5i8.494first seen 2026-08-24 05:48:10 · last seen 2026-09-07 05:36:19
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