Combination of antecedent conditions affecting the development of Chinese new energy market based on fuzzy sets

Abstract

This study discusses the combination of elements that affect the development of a new energy market under the framework of TOE theory. Through the fuzzy set qualitative comparative analysis method, several paths that contribute to the development of a new energy market are analyzed. This study serves as an important reference for effective investment and sustainable development of the new energy market. The results of the study emphasize that the lack of financial markets can cause the regional new energy market to continue to be hindered. Through different grouping paths, we find that blind policy incentives or large financial investments without meeting the necessary market demand, economic fundamentals, and other preconditions will face the risk of failure.