Correction: A data-driven multicriteria decision making tool for assessing investments in energy efficiency

Mainstreaming energy efficiency financing has been considered a key priority during the last decade among several stakeholders. The capability offered by Multicriteria Decision Analysis to integrate cross-domain financial and energy consumption data, combined with statistical analysis techniques and data abundance, contributes to building the necessary market confidence in energy efficiency projects and make them an attractive investment asset class. In this context, the aim of this paper is to propose a solid methodological framework in order to support the financing procedure of energy efficiency investments, and to identify improved grant financing plans, considering a series of factors which are of vital importance for the sustainability of such actions and the limitation of investment risk. A decision support tool, developed in Python, is presented which implements the suggested methodology, improving the decision making for the investor in terms of the percentage of grant financing per project. The developed methodology has been applied on a reliable dataset of energy efficiency projects from several cities in Latvia, where the actual performance of the investments is exploited. The application of the methodology has resulted in a financing plan which achieves about the same energy savings, while bringing 15% reduction of the energy efficiency investments’ cost.