ABSTRACT
Identifying planning strategies for the transition to a green economy is a formidable challenge. We proposed a novel multiple-criteria decision analysis model which can quantitatively identify the socio-economic and environmental impacts of various government and public policies. We applied the model to four practical scenarios in Canada for determining the optimal final demand that maximizes the country's GDP and employment while minimizing GHG emissions for small, short-term changes. As a result, the model suggested potential ways to simultaneously achieve a GDP growth of 2.5 billion CAD and creation of over 25,000 new jobs, and a saving of 2514 kt CO2. As per the final demand, the electrification of domestic heating and transport should be more promoted. The proposed analysis tool will provide decision-makers with the ability to explore the design and effects of policy reforms, regulatory changes, and targeted public expenditure strategies, thereby overcoming barriers towards a green economy.
Correction Statement
This article has been republished with minor changes. These changes do not impact the academic content of the article.
Acknowledgements
We wish to express our appreciation to the reviewers and the editorial team for their constructive comments which helped us significantly improve the quality of our work.
Disclosure statement
No potential conflict of interest was reported by the authors.
ORCID
Mehdi Bagheri http://orcid.org/0000-0001-8119-2996
Masood Sheikh Alivand http://orcid.org/0000-0002-3391-914X
Mohammad Alikaram http://orcid.org/0000-0002-5315-6151
Christopher A. Kennedy http://orcid.org/0000-0001-8812-4451
Ganesh Doluweera http://orcid.org/0000-0001-9478-4747
Zeus Guevara http://orcid.org/0000-0002-1254-8423