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Cross-Sector collaboration in energy infrastructure development: New models for public-private partnerships in emerging markets
1 Total Energies EP Nigeria; Lagos, Nigeria.
2 ExxonMobil, Lagos, Nigeria.
3 Department of Business Administration, Faculty of Administration and Management, Rivers State University, Nigeria.
4 Bredesen Center for Interdisciplinary Research and Graduate Education, University of Tennessee, USA.
5 Department of Geosciences, Texas Tech University, Texas, USA.
6 Department of Mechanical Engineering, University of Ibadan, Nigeria.
Review
International Journal of Science and Research Archive, 2024, 13(01), 2871–2882.
Article DOI: 10.30574/ijsra.2024.13.1.2020
Publication history:
Received on 13 September 2024; revised on 18 October 2024; accepted on 21 October 2024
Abstract:
This review examines the evolving landscape of cross-sector collaboration in energy infrastructure development, focusing on new models for public-private partnerships (PPPs) in emerging markets. As global energy demands continue to rise and the imperative for sustainable development grows stronger, innovative approaches to energy infrastructure are crucial. This study synthesizes current literature on PPPs, cross-sector collaboration, and energy development in emerging economies to identify trends, challenges, and opportunities. Through a comprehensive analysis of case studies and empirical research, we uncover several emerging models that promise to enhance the effectiveness and sustainability of energy infrastructure projects. These models emphasize adaptive governance structures, risk-sharing mechanisms, and the integration of local communities and civil society organizations. Our findings suggest that successful cross-sector collaborations in emerging markets require a nuanced understanding of local contexts, flexible regulatory frameworks, and a commitment to capacity building. The review also highlights the potential of digital technologies and green financing mechanisms in facilitating these partnerships. By identifying key factors contributing to successful collaborations, this study provides valuable insights for policymakers, industry leaders, and researchers working towards sustainable energy solutions in developing economies. Future research directions are proposed to further explore the long-term impacts and scalability of these innovative partnership models.
Keywords:
Public-Private Partnerships; Energy Infrastructure; Emerging Markets; Cross-Sector Collaboration; Sustainable Development; Adaptive Governance
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Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0
