Overview of the Policy Instruments for Renewable Energy Development in China

Abstract

The current legal and policy system of renewable energy in China has set up a framework of policy instruments, which provides an important foundation for dealing with climate change and promoting the healthy development of the renewable energy industry with the goal of “carbon neutrality” and “emission peak”. However, the current policy instruments cannot meet the needs for rapid development of the renewable energy industry. This paper investigates, analyzes, and concludes the status of renewable energy development along with related policy instruments in different renewable energy sources by literature and points out the problems of current policy instruments, and puts forward corresponding countermeasures. Moreover, from the perspective of energy consumption market transformation, the authors carried out an analysis of China’s challenges of policy instruments, pointing out that China’s renewable energy policy instruments have the potential to take one step further in the areas of the regulatory system, legal system and legal security system.

Evaluating the Impact of Renewable Energy Policy Instruments on Capacity Expansion: Insights from the Visegrad Group Countries

“…The success of these policies often depends on local conditions, market dynamics, and the commitment of governments to sustainable energy transition (Karatayev et al, 2016;Pitelis et al, 2020). By designing and implementing effective policy instruments, governments can accelerate the transition to cleaner and more sustainable energy sources, contributing to a greener and more secure energy future (Carley et al, 2017;Song et al, 2022). In order to assess the effectiveness of four policy tools -feed-in tariffs (FITs), quotas, tenders, and tax incentives -within the V4 countries over a more extended timeframe than previously considered, this study adopts a comprehensive and all-encompassing methodology while applying an econometric framework.…”

Review of Renewable Energy Subsidy System in China

“…Distribution subsidies are subsidies for the distribution of renewable energy products to ensure the supply of products and business operations. Consumer subsidies are direct incentives for consumers to increase their purchasing power for renewable energy products by regulating the supply side and meeting their demand for energy consumption and affordability [9]. From the perspective of subsidy means, it can be divided into industry subsidies, catalogue subsidies, and special subsidies [10].…”

Development and Prospects of China's Renewable Energy Export Trade under the Belt and Road Policy

“…Most of the renewable energy sources in China have a certain technology level and industrial scale, the state has been encouraging the development, giving policy support, and the enterprises are also developing [1]. However, the weak basic research in the field of renewable energy [2]; the policy and regulation system are not yet perfect [3]; the problems of grid connection and consumption of wind power and photovoltaic are highlighted [4] and other problems restrict the development of the industry. Therefore, many scholars believe that China should encourage the introduction of highly qualified talents [5], accelerate the marketization of investment in new energy industry [6], and optimize the market structure of China's renewable energy product export trade under the leadership of the Belt and Road Strategy [7].…”