Exploring behavioral strategies for third-party market cooperation in renewable energy projects: a perspective on addressing climate change

IF 9.1 1区工程技术 Q1 ENERGY & FUELS

Renewable Energy Pub Date : 2025-10-03 DOI:10.1016/j.renene.2025.124572

Yinyin Zhao , Benhong Peng

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Abstract

Third-party market cooperation in renewable energy projects is crucial for addressing the global energy crisis. However, extreme weather events, such as heatwaves, rainstorms, and floods, significantly undermine the resilience of energy infrastructure. The challenge of mitigating the adverse effects of climate change on third-party market cooperation in renewable energy projects has become a global concern. To address the limitations of traditional deterministic evolutionary game models, this study introduces a stochastic evolutionary game model by incorporating Gaussian white noise. This model explores the strategic choices and evolutionary processes of Chinese-funded, foreign-funded, and host-country enterprises, as well as the impact of various climate factors on evolutionary equilibrium and enterprise decision-making. Our findings suggest that the strategic behavior of participants exhibits significant fluctuations under random disturbances. As the intensity of disturbances increases, the amplitude of fluctuations intensifies, while the speed at which participants evolve towards a stable state accelerates. When the probability of climate change shocks exceeds 0.5, the willingness of enterprises to respond to these shocks increases significantly, with Chinese-funded and foreign-funded enterprises demonstrating greater sensitivity. The impact of climate change shock loss proportion on the strategic choices of Chinese-funded and host-country enterprises shows directional consistency. As the proportion of climate change losses increases, both enterprises are more inclined to adopt enhanced strategies. Only when the proportion of climate change shock losses exceeds a certain threshold of 0.2 do foreign-funded enterprises tend to strengthen their strategies. This study provides an important practical foundation for multinational enterprises to formulate climate-adaptive strategies and enhance their ability to mitigate climate change risks in third-party market cooperation for renewable energy projects.

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探索可再生能源项目第三方市场合作的行为策略：应对气候变化的视角

可再生能源项目的第三方市场合作对应对全球能源危机至关重要。然而，极端天气事件，如热浪、暴雨和洪水，严重破坏了能源基础设施的恢复能力。缓解气候变化对可再生能源项目第三方市场合作的不利影响已成为全球关注的问题。为了解决传统确定性进化博弈模型的局限性，本文引入了一种引入高斯白噪声的随机进化博弈模型。该模型探讨了中资企业、外资企业和东道国企业的战略选择和进化过程，以及各种气候因素对演化均衡和企业决策的影响。我们的研究结果表明，参与者的策略行为在随机干扰下表现出显著的波动。随着扰动强度的增加，波动幅度也随之加大，而参与者向稳定状态演化的速度也随之加快。当气候变化冲击发生的概率超过0.5时，企业应对气候变化冲击的意愿显著增加，其中中资企业和外资企业表现出更大的敏感性。气候变化冲击损失比例对中资企业和东道国企业战略选择的影响呈现方向性一致性。随着气候变化损失比例的增加，两家企业都更倾向于采取强化策略。只有当气候变化冲击损失的比例超过一定的阈值0.2时，外资企业才会倾向于加强战略。本研究为跨国企业在可再生能源项目第三方市场合作中制定气候适应战略，提高应对气候变化风险的能力提供了重要的实践依据。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Renewable Energy 工程技术-能源与燃料

CiteScore

18.40

自引率

9.20%

发文量

1955

审稿时长

6.6 months

期刊介绍： Renewable Energy journal is dedicated to advancing knowledge and disseminating insights on various topics and technologies within renewable energy systems and components. Our mission is to support researchers, engineers, economists, manufacturers, NGOs, associations, and societies in staying updated on new developments in their respective fields and applying alternative energy solutions to current practices. As an international, multidisciplinary journal in renewable energy engineering and research, we strive to be a premier peer-reviewed platform and a trusted source of original research and reviews in the field of renewable energy. Join us in our endeavor to drive innovation and progress in sustainable energy solutions.