Use this URL to cite or link to this record in EThOS: https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.799826
Title: Multiple criteria decision analytical tools in assessing risk for green growth : the case of oil palm biomass in Malaysia
Author: Ngan, Sue Lin
Awarding Body: University of Nottingham
Current Institution: University of Nottingham
Date of Award: 2020
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Abstract:
The heightening world issues arises from climate change and energy security has created a strong resonance for sustainable development. The utilisation of biomass resources is amongst one of the best strategies to counter carbon emission and energy security issues for waste-to-wealth. Over the last decade, the Malaysian government has shown its clear intent to be a front-runner in the green economy through its various green economy policies and programs, particularly focus on oil palm biomass industry. However, it is observed that the diffusion rate of the industry remains relatively slow as compared to other developing countries such as Thailand and Philippine. Literature, anecdotal evidence, and advocates as well as businesses have identified that one of the non-technical factors that contribute to this problem is financing difficulties. The complication of biomass value chain creation often engaged with high risk profile, capital intensive and long payback period which is unfavourable for financing based on conventional risk assessment. Thus, this research focusses on developing a full range risk assessment model in aiding the industry stakeholder to comprehend the risk profile in managing and mitigating risk in biomass value chain in Malaysia. Multiple decision analytical tools have been employed and developed to integrate non-quantitative factors in risk assessment and design risk mitigation strategy based on the strengths and preferences of different stakeholders' role. The outputs can serve as policy recommendation to aid the authorities and policy makers to undertake policy reviews to effectively spur the biomass industry for green growth. Furthermore, financier and investor are recommended to utilise the information to enhance its financing decision, to offer financial products that customised the need of sustainable projects without losing great business opportunity. Last but not least, the framework also offers industry stakeholders a practical decision analysis and making tool to integrate preferences as well as quantitative information to mitigate risks before any losses in venturing into the biomass industry occurred.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID: uk.bl.ethos.799826  DOI: Not available
Keywords: TP Chemical technology
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