%0 Journal Article
%K Energy policy
%K Public–private partnership
%K Risk factor
%K Game analysis
%K Maximum benefits
%A Bowen Tang
%A Jian Xu
%A Yuanzhang Sun
%A Nan Zhou
%A Bo Shen
%A Siyang Liao
%A Yilu Liu
%B Environmental Research Letters
%D 2019
%G eng
%N 4
%P 044019
%R 10.1088/1748-9326/ab0217
%T Policy solution and game analysis for addressing the challenge of developing public–private partnership energy project
%V 14
%8 01/2019
%! Environ. Res. Lett.
%X <p>Various developing countries have been promoting public–private partnership (PPP) infrastructure<br />projects in recent years. Energy infrastructure project construction, which needs substantial capital<br />investments, is a cornerstone of and supports economic development. A PPP-based energy<br />infrastructure project is beneficial for alleviating developing countries’ financial burden and for<br />facilitating the diversified development of the energy market. Therefore, to increase government<br />income and reduce infrastructure project costs, the PPP energy project construction model attracts<br />considerable attention of various industries, especially in developing countries. For example, as gross<br />domestic product growth decelerates and the government debt ratio rapidly increases, many Chinese<br />provinces and cities face financial obstacles to economic development; therefore the Chinese<br />government has issued a series of PPP-based energy policies. However, a number of risk factors<br />associated with PPP projects, and conflicting interests between governments and private investors,<br />have resulted in project failure. This study analyzes the development of PPP in China from the<br />economic and industrial development perspective. It combines the latest PPP energy policies of China<br />to solve problems that stem from the main risk factors involved in constructing and operating PPP<br />energy projects. This research also provides game analysis for achieving maximum benefits as the<br />government and the private investor have conflicting interests.</p>