Keywords: sustainomics, sustainable energy development, small hydro, multi-criteria analysis, sustainable development, Sri Lanka, environmental variables, social variables, economic variables
Small hydropower projects and sustainable energy development in Sri Lanka
Sustainable development has evolved to encompass three major viewpoints: economic, social and environmental. Given the wide-ranging potential impacts of energy on national sustainable development, we review the linkages between these two topics. In the Sri Lanka case study presented here, the Sustainomics framework is used to assess the role of small hydroelectric power projects in sustainable energy development. Key variables represent economic, social and environmental dimensions. This analysis helps policy-makers compare and rank project alternatives more easily and effectively. The multi-dimensional analysis, which includes environmental and social variables, supplements the more conventional cost benefit analysis based on economic values alone.