Policy solution and game analysis for addressing the challenge of developing public–private partnership energy project
Various developing countries have been promoting public–private partnership (PPP) infrastructure projects in recent years. Energy infrastructure project construction, which needs substantial capital investments, is a cornerstone of and supports economic development. A PPP-based energy infrastructure...
| Main Authors: | , , , , , , |
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| Format: | Article |
| Language: | English |
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IOP Publishing
2019-01-01
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| Series: | Environmental Research Letters |
| Subjects: | |
| Online Access: | https://doi.org/10.1088/1748-9326/ab0217 |
| _version_ | 1797748163387326464 |
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| author | Bowen Tang Jian Xu Yuanzhang Sun Nan Zhou Bo Shen Siyang Liao Yilu Liu |
| author_facet | Bowen Tang Jian Xu Yuanzhang Sun Nan Zhou Bo Shen Siyang Liao Yilu Liu |
| author_sort | Bowen Tang |
| collection | DOAJ |
| description | Various developing countries have been promoting public–private partnership (PPP) infrastructure projects in recent years. Energy infrastructure project construction, which needs substantial capital investments, is a cornerstone of and supports economic development. A PPP-based energy infrastructure project is beneficial for alleviating developing countries’ financial burden and for facilitating the diversified development of the energy market. Therefore, to increase government income and reduce infrastructure project costs, the PPP energy project construction model attracts considerable attention of various industries, especially in developing countries. For example, as gross domestic product growth decelerates and the government debt ratio rapidly increases, many Chinese provinces and cities face financial obstacles to economic development; therefore the Chinese government has issued a series of PPP-based energy policies. However, a number of risk factors associated with PPP projects, and conflicting interests between governments and private investors, have resulted in project failure. This study analyzes the development of PPP in China from the economic and industrial development perspective. It combines the latest PPP energy policies of China to solve problems that stem from the main risk factors involved in constructing and operating PPP energy projects. This research also provides game analysis for achieving maximum benefits as the government and the private investor have conflicting interests. |
| first_indexed | 2024-03-12T16:00:58Z |
| format | Article |
| id | doaj.art-cb68c18bd7b84c4f8c2f341c51368127 |
| institution | Directory Open Access Journal |
| issn | 1748-9326 |
| language | English |
| last_indexed | 2024-03-12T16:00:58Z |
| publishDate | 2019-01-01 |
| publisher | IOP Publishing |
| record_format | Article |
| series | Environmental Research Letters |
| spelling | doaj.art-cb68c18bd7b84c4f8c2f341c513681272023-08-09T14:38:57ZengIOP PublishingEnvironmental Research Letters1748-93262019-01-0114404401910.1088/1748-9326/ab0217Policy solution and game analysis for addressing the challenge of developing public–private partnership energy projectBowen Tang0https://orcid.org/0000-0003-4072-4903Jian Xu1https://orcid.org/0000-0002-7673-2887Yuanzhang Sun2Nan Zhou3Bo Shen4Siyang Liao5Yilu Liu6The School of Electrical Engineering, Wuhan University , Wuhan, 430072 People’s Republic of ChinaThe School of Electrical Engineering, Wuhan University , Wuhan, 430072 People’s Republic of ChinaThe School of Electrical Engineering, Wuhan University , Wuhan, 430072 People’s Republic of ChinaLawrence Berkeley National Laboratory, CA, United States of AmericaLawrence Berkeley National Laboratory, CA, United States of AmericaThe School of Electrical Engineering, Wuhan University , Wuhan, 430072 People’s Republic of ChinaUniversity of Tennessee , Knoxville, TN, United States of AmericaVarious developing countries have been promoting public–private partnership (PPP) infrastructure projects in recent years. Energy infrastructure project construction, which needs substantial capital investments, is a cornerstone of and supports economic development. A PPP-based energy infrastructure project is beneficial for alleviating developing countries’ financial burden and for facilitating the diversified development of the energy market. Therefore, to increase government income and reduce infrastructure project costs, the PPP energy project construction model attracts considerable attention of various industries, especially in developing countries. For example, as gross domestic product growth decelerates and the government debt ratio rapidly increases, many Chinese provinces and cities face financial obstacles to economic development; therefore the Chinese government has issued a series of PPP-based energy policies. However, a number of risk factors associated with PPP projects, and conflicting interests between governments and private investors, have resulted in project failure. This study analyzes the development of PPP in China from the economic and industrial development perspective. It combines the latest PPP energy policies of China to solve problems that stem from the main risk factors involved in constructing and operating PPP energy projects. This research also provides game analysis for achieving maximum benefits as the government and the private investor have conflicting interests.https://doi.org/10.1088/1748-9326/ab0217public–private partnershipenergy policyrisk factorgame analysismaximum benefits |
| spellingShingle | Bowen Tang Jian Xu Yuanzhang Sun Nan Zhou Bo Shen Siyang Liao Yilu Liu Policy solution and game analysis for addressing the challenge of developing public–private partnership energy project Environmental Research Letters public–private partnership energy policy risk factor game analysis maximum benefits |
| title | Policy solution and game analysis for addressing the challenge of developing public–private partnership energy project |
| title_full | Policy solution and game analysis for addressing the challenge of developing public–private partnership energy project |
| title_fullStr | Policy solution and game analysis for addressing the challenge of developing public–private partnership energy project |
| title_full_unstemmed | Policy solution and game analysis for addressing the challenge of developing public–private partnership energy project |
| title_short | Policy solution and game analysis for addressing the challenge of developing public–private partnership energy project |
| title_sort | policy solution and game analysis for addressing the challenge of developing public private partnership energy project |
| topic | public–private partnership energy policy risk factor game analysis maximum benefits |
| url | https://doi.org/10.1088/1748-9326/ab0217 |
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