Private Incentives for the Emergence of Co-Production of Offshore Wind Energy and Mussel Aquaculture

Journal Article

Title: Private Incentives for the Emergence of Co-Production of Offshore Wind Energy and Mussel Aquaculture
Publication Date:
January 20, 2015
Journal: Aquaculture
Volume: 436
Pages: 80-89
Publisher: Elsevier

Document Access

Website: External Link

Citation

Griffin, R.; Buck, B.; Krause, G. (2015). Private Incentives for the Emergence of Co-Production of Offshore Wind Energy and Mussel Aquaculture. Aquaculture, 436, 80-89.
Abstract: 

Technological solutions to increase the efficiency of spatial use can play a key role as part of the toolbox of marine spatial planning. Co-locating of multiple ocean uses can potentially increase the production and enjoyment of the ocean while limiting impacts. However, a basic precondition for co-locating or coproduction is that all parties' private incentives are aligned. We use a case study of co-locating an offshore wind energy firm and a mussel aquaculture firm to assess the incentive structure for cooperation and to demonstrate that social benefits from co-locating exist. We find that there is room for cooperation between firms based on potential cost sharing and that the demonstrated social benefits may arise without government intervention.

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