气候变化领域集成服务门户(CCPortal): Risk allocation schemes between public and private sectors in green energy projects

CCPortal

DOI	10.1016/j.jenvman.2024.120650
	Risk allocation schemes between public and private sectors in green energy projects
	Fleta-Asin, Jorge; Munoz, Fernando
发表日期	2024
ISSN	0301-4797
EISSN	1095-8630
起始页码	357
卷号	357
英文摘要	In this research, we analyse how project risk allocation strategies impact the volume of private investment in renewable energy projects with the participation of both the public and private sectors. To this purpose, we analyse a sample formed by 2215 projects performed in 73 developing countries in the period 1997 - 2019 involving the following technologies: solar, hydro, wind, waste, biogas, biomass, and geothermal. Our findings reveal that those projects performed through governance schemes in which the private partner takes more project responsibilities attract more private money. Additional drivers for attracting private investment at the project level and institutional level are found. Furthermore, we reveal that the transference of project risks to the private partner emerges as a very relevant project feature that interacts with some of the project and institutional factors, revealing both complementary and substitution effects. The significance of this research extends beyond academia, since there are factors influencing private investment that can be controlled by various stakeholders in projects (such as policymakers, private investors, and project managers). Understanding their impact, significance, and interaction effects - factors that sometimes moderate or accentuate private investment - is crucial. The identified patterns illuminate optimal risk allocation practices, offering practical insights to enhance the effectiveness and sustainability of projects.
英文关键词	Climate change; Developing countries; Public -private partnerships (PPPs); Renewable energy; Risk allocation strategy; Sustainable development goals (SDGs)
语种	英语
WOS研究方向	Environmental Sciences & Ecology
WOS类目	Environmental Sciences
WOS记录号	WOS:001222326600001
来源期刊	JOURNAL OF ENVIRONMENTAL MANAGEMENT
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/297245
作者单位	University of Zaragoza; University of Zaragoza
推荐引用方式 GB/T 7714	Fleta-Asin, Jorge,Munoz, Fernando. Risk allocation schemes between public and private sectors in green energy projects[J],2024,357.
APA	Fleta-Asin, Jorge,&Munoz, Fernando.(2024).Risk allocation schemes between public and private sectors in green energy projects.JOURNAL OF ENVIRONMENTAL MANAGEMENT,357.
MLA	Fleta-Asin, Jorge,et al."Risk allocation schemes between public and private sectors in green energy projects".JOURNAL OF ENVIRONMENTAL MANAGEMENT 357(2024).