IDEAS home Printed from https://ideas.repec.org/a/ods/journl/v3y2014i4p220-229.html
   My bibliography  Save this article

The Icelandic Geothermal Cluster, the Transition to Clean Energy in Emerging Markets and the Role of International Financial Institutions

Author

Listed:
  • Hilmar Þór Hilmarsson

    (University of Akureyri, Iceland)

Abstract

Iceland has received international attention for its use of geothermal energy for space heating and electricity production. The focus of this article is on the potential of an Icelandic geothermal exporting cluster engaging cross border in emerging markets. This could include provision of consultant and advisory services, construction, operations and maintenance of geothermal power plants, as well as sponsors and shareholders in geothermal projects. Being a sponsor/shareholder would require cross border capital investments. Given the higher risk profile in emerging market countries, than in many high income countries, the participation of international financial institutions and export credit agencies will be discussed as sources of funding and risk mitigation for geothermal projects.

Suggested Citation

  • Hilmar Þór Hilmarsson, 2014. "The Icelandic Geothermal Cluster, the Transition to Clean Energy in Emerging Markets and the Role of International Financial Institutions," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 3(4), pages 220-229.
    • Handle: RePEc:ods:journl:v:3:y:2014:i:4:p:220-229
    as

    Download full text from publisher

    File URL: http://www.jami.org.ua/Papers/JAMI_3_4_220-229.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Christian H.M. Ketels & Olga Memedovic, 2008. "From clusters to cluster-based economic development," International Journal of Technological Learning, Innovation and Development, Inderscience Enterprises Ltd, vol. 1(3), pages 375-392.
    2. Hilmar Tor Hilmarsson, 2013. "How Can International Financial Institutions Support Cross Border Energy Projects in Emerging Market Economies?," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 2(4), pages 253-262.
    3. Michael E. Porter, 2000. "Location, Competition, and Economic Development: Local Clusters in a Global Economy," Economic Development Quarterly, , vol. 14(1), pages 15-34, February.
    4. Trung Quang DINH & Hilmar Þor HILMARSSON, 2012. "Private Sector Export to Emerging Market Economies During Times of Crisis: How Can Export Credit Agencies Help?," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(1), pages 167-180, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hilmar Þór Hilmarsson, 2015. "Cross Border Investment in Geothermal Energy and International Funding Sources," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 4(2), pages 89-96.
    2. Mihaela (Ștefan) Hint, 2017. "Analysis of the General Lighting Market," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 6(3), pages 157-163, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jutta Günther & Dirk Meissner, 2017. "Clusters as Innovative Melting Pots?—the Meaning of Cluster Management for Knowledge Diffusion in Clusters," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(2), pages 499-512, June.
    2. Natalya Rybnikova & Boris Portnov, 2015. "Using light-at-night (LAN) satellite data for identifying clusters of economic activities in Europe," Letters in Spatial and Resource Sciences, Springer, vol. 8(3), pages 307-334, November.
    3. Carmelina Bevilacqua & Ilaria Giada Anversa & Gianmarco Cantafio & Pasquale Pizzimenti, 2019. "Local Clusters as “Building Blocks” for Smart Specialization Strategies: A Dynamic SWOT Analysis Application in the Case of San Diego (US)," Sustainability, MDPI, vol. 11(19), pages 1-25, October.
    4. Hilmar Þór Hilmarsson, 2015. "Cross Border Investment in Geothermal Energy and International Funding Sources," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 4(2), pages 89-96.
    5. Santos, Antonio Bob, 2015. "Open Innovation in clusters: The Portuguese case," MPRA Paper 70032, University Library of Munich, Germany.
    6. Goerzen, Anthony, 2018. "Small Firm Boundary-spanning via Bridging Ties: Achieving International Connectivity via Cross-border Inter-cluster Alliances," Journal of International Management, Elsevier, vol. 24(2), pages 153-164.
    7. George A. Erickcek & Hannah McKinney, 2004. "Small Cities Blues: Looking for Growth Factors in Small and Medium-Sized Cities," Upjohn Working Papers 04-100, W.E. Upjohn Institute for Employment Research.
    8. Rapanna, Patta, 2018. "The Development of Tourism Based on Local Wisdom in Indonesia," INA-Rxiv 5ayft, Center for Open Science.
    9. Mikaela Backman & Charlie Karlsson, 2016. "Determinants of self-employment among commuters and non-commuters," Papers in Regional Science, Wiley Blackwell, vol. 95(4), pages 755-774, November.
    10. Burke, A.E. & van Stel, A.J. & Thurik, A.R., 2009. "Blue Ocean versus Competitive Strategy: Theory and Evidence," ERIM Report Series Research in Management ERS-2009-030-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    11. Wollni, Meike & Andersson, Camilla, 2014. "Spatial patterns of organic agriculture adoption: Evidence from Honduras," Ecological Economics, Elsevier, vol. 97(C), pages 120-128.
    12. Martin M�ller & Allison Stewart, 2016. "Does Temporary Geographical Proximity Predict Learning? Knowledge Dynamics in the Olympic Games," Regional Studies, Taylor & Francis Journals, vol. 50(3), pages 377-390, March.
    13. Giger, Markus & Mutea, Emily & Kiteme, Boniface & Eckert, Sandra & Anseeuw, Ward & Zaehringer, Julie G., 2020. "Large agricultural investments in Kenya’s Nanyuki Area: Inventory and analysis of business models," Land Use Policy, Elsevier, vol. 99(C).
    14. Hubbard, John R. & Mitra, Subhro & Miller, Chad R., 2019. "Analyzing human capital as a component of the aerotropolis model," Journal of Air Transport Management, Elsevier, vol. 78(C), pages 63-70.
    15. Max-Peter Menzel, 2010. "Sources of ‘Second Generation Growth’: Spin-off Processes in the Emerging Biochip Industries in Jena and Berlin," Chapters, in: Dirk Fornahl & Sebastian Henn & Max-Peter Menzel (ed.), Emerging Clusters, chapter 10, Edward Elgar Publishing.
    16. Libaers, Dirk & Meyer, Martin, 2011. "Highly innovative small technology firms, industrial clusters and firm internationalization," Research Policy, Elsevier, vol. 40(10), pages 1426-1437.
    17. Florencia Garcia-Vicente & Daniel Garcia-Swartz & Martin Campbell-Kelly, 2017. "Information technology clusters and regional growth in America, 1970–1980," Small Business Economics, Springer, vol. 48(4), pages 1021-1046, April.
    18. Nathan, Max, 2022. "Does light touch cluster policy work? Evaluating the tech city programme," Research Policy, Elsevier, vol. 51(9).
    19. Peter Mayerhofer & Oliver Fritz & Dieter Pennerstorfer, 2010. "Dritter Bericht zur internationalen Wettbewerbsfähigkeit Wiens," WIFO Studies, WIFO, number 42430, January.
    20. Benner, Maximilian & Michael, Dollinger & Elisa, Gliesner & Rouven, Pelz, 2017. "Upgrading a tourism cluster: The case of Eilat," MPRA Paper 81175, University Library of Munich, Germany.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ods:journl:v:3:y:2014:i:4:p:220-229. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anatoliy G. Goncharuk (email available below). General contact details of provider: https://edirc.repec.org/data/dmonaua.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.