Work

Integrated energy services in parks: Analyzing stakeholder dynamics and innovation under the REITs model through 23 policy documents

Year: 2024

Type: article

Abstract: Industrial parks are significant consumers of energy, contributing to global carbon emissions and intensifying the need for strategic interventions to meet carbon reduction and energy efficiency goals. In China, the Real Estate Investment Trusts (REITs) model has been adopted to advance the development of Integrated Energy Services (IESs) within these parks. This paper analyzes 23 Chinese government policy documents to explore the key stakeholders in park-based IESs, particularly the central role of energy companies in shaping collective decision-making processes. The study highlights how business models, including financial investment, offline and digital services, and innovative practices, have evolved under the REITs framework to drive the development of IESs and foster collaboration among stakeholders. • Explored the application and operational dynamics of REITs in China's industrial parks. • Identified key stakeholders driving the development of Integrated Energy Services (IESs) through the REITs model. • Analyzed China's strategic use of REITs to advance IESs, providing insights for global energy solutions.

Source: Energy Strategy Reviews

DOI: 10.1016/j.esr.2024.101574

Authors: Chunhong Xiao, Can Zhang

Institutions: China University of Mining and Technology - Beijing, China National Petroleum Corporation (China)

Language: English

Topic: Energy Efficiency and Management

Subfield: Renewable Energy, Sustainability and the Environment

Field: Energy

Domain: Physical Sciences

SDGs: Industry, innovation and infrastructure, Affordable and clean energy, Climate action, Sustainable cities and communities

Open Access status: gold

Estimated APC paid: $3,260