Collaborative development model and strategies of multi-energy industry clusters: Multi-indicators analysis affecting the development of coastal energy clusters

Chen Xiu and Anna Maria Lis

Energy, 2024, vol. 295, issue C

Abstract: The paper explores Coastal Energy-Based Industrial Clusters (EBICs) and their role in advancing energy efficiency and sustainability through collaborative innovation. Economic growth theory and energy sustainability have been introduced into industrial clusters to illustrate indicators that have a greater impact on the development of EBICs. This paper proposes an EBICs development model based on the Cobb-Douglas function, in which accounts for various factors that drive the progress of such clusters. The outcomes of the economic model also provide insights into how the interaction of various factors affects the economic growth of EBICs and their eventual dominance in the energy market of coastal regions, dependent on gradually investing in areas such as research and development (R&D). Different development strategies demonstrate that the final development of a cluster has low dependence on the cluster's initial advantages. The study also illustrates how clusters can gradually monopolize the energy market, even with initial disadvantages. Through quantitative analysis, it showcases the transformation process of developing advantageous clusters into sub-clusters. Next, an energy symbiosis framework for coastal is proposed, which places greater emphasis on the multi-energy complementary system and reduces production costs. Finally, this paper also sheds light on shaping energy strategies for public authorities who shape economic policies at various levels of aggregation and in diverse dimensions.

Keywords: Energy management; Energy industrial cluster; Industrial symbiosis; Energy policy; Economic growth; Sustainable development (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:295:y:2024:i:c:s0360544224008089

DOI: 10.1016/j.energy.2024.131036

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