WP8: Economical, technical and environmental feasibility of multi-use Platforms

Leader: Phoebe Koundouri, AUEB

The main aim of WP8 is to assess the socio-economic viability of novel designs of multi-use offshore platforms. In the framework of analysis that will be developed, economic viability is achieved when the following conditions are simultaneous satisfied:

• Dynamic and Spatial Economic Efficiency and Sustainability: Economic efficiency satisfies the condition that the marginal (social) cost of each production activity under consideration equals the respective marginal (social) benefit. In this framework both private and social components of costs and benefits are considered in order to provide a holistic economic assessment in terms of efficiency. Production activities are considered sustainable, when the economic efficiency condition is satisfied over time and over space.
• Dynamic and Spatial Social Equity and Sustainability: Social equity requires that the social effects of the production activities are acceptable and affordable by the different social groups in the region. These affordability and acceptability conditions should be assesed spatially (intra-generational effects) but also dynamically (inter-generational effects).
• Dynamic and Spatial Environmental and Ecological Sustainability: Environmental and Ecological Sustainability means that the environmental and ecological effects of the activities under consideration are sustainable over space (in the region under consideration) but also over time.

It is also important to note that this analysis will allow direct comparison of offshore multi-use platforms with non-multi-use solutions. The output of WP7 that identifies innovative platform plans and designs will form a solid base for this analysis.

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