1. Collaborative development model and strategies of multi-energy industry clusters: Multi-indicators analysis affecting the development of coastal energy clusters.
- Author
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Xiu, Chen and Lis, Anna Maria
- Subjects
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INDUSTRIAL clusters , *ENERGY development , *COASTAL development , *CLUSTER analysis (Statistics) , *ECONOMIC models , *INVESTMENT software - 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. • Multi-energy complementarity provides a new path for sustainable development of coastal energy. • Hardware investment is critical to the development of energy-based industry clusters. • Clusters with better natural advantages may become sub-clusters due to incorrect development strategies. • The essence of energy cluster development is the result of the interaction of multiple influencing factors. • The economic growth of energy clusters depends on the proportion of investment in software and hardware. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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