Exogenous risk assessment of a Belt-and-Road renewable energy project
Xuan Zhao,
Benhong Peng and
Chaoyu Zheng
Utilities Policy, 2025, vol. 95, issue C
Abstract:
Along the "Belt and Road," renewable energy projects face exogenous risks. Given the multifaceted impact pathways through which these risks manifest, it is imperative to conduct timely and accurate assessments of such risks. This study endeavors to construct a comprehensive evaluation index system tailored to the exogenous risks associated with renewable energy projects along the "Belt and Road" route. By integrating the G1 and CRITIC methods for composite weighting, the study derives the comprehensive weight of each indicator within the system. This study acknowledges the inherent uncertainty characteristics of exogenous risks by employing the measurement uncertainty theory to assess project risk. This approach enables more precise quantification of uncertainty and incomplete information, empowering enterprises to respond to exogenous risks more effectively. The findings reveal that the exogenous risk-impact-response evaluation model not only effectively mitigates the subjectivity inherent in expert cognition but also adeptly manages the uncertainty and suddenness associated with the impact of exogenous risks on renewable energy projects. Consequently, this model assists enterprises in implementing timely risk prevention and management measures, thereby enhancing their resilience and adaptability in the face of such challenges.
Keywords: Exogenous risk; Renewable energy; "Belt and Road"; Measurement uncertainty; Composite weighting method (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:
Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0957178725000712
Full text for ScienceDirect subscribers only
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:95:y:2025:i:c:s0957178725000712
DOI: 10.1016/j.jup.2025.101956
Access Statistics for this article
Utilities Policy is currently edited by Beecher, Janice
More articles in Utilities Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().