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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Article
Some Recommendations for Improving Renewable Energy Policies in China
Author(s)
Yongmin Zhang, Wenwen Liu
Full-Text PDF
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DOI:10.17265/2328-2185/2015.0304.005
Affiliation(s)
Yongmin Zhang, professor in Finance, Director of Centre for Global Finance, Nottingham University Business School China, Ningbo, China.
Wenwen Liu, master in finance, assistant to Director, Centre for Global Finance, Master in Finance, Nottingham University Business School China, Ningbo, China.
ABSTRACT
Renewable energy is the one of the most promising solutions for environmental protection and energy deficiency. Since 2005, the Chinese government has put forward a number of measures in promoting renewable energy. This paper presents those renewable energy policies in China and illustrates their achievements and limits. Comparing the renewable energy policies in Europe and US, feed-in-tariffs and quotas are two main measures that are adopted by western countries. A detailed performance review of feed-in-tariffs and quotas is examined by using effectiveness and efficiency as criteria. The enlightenments to improve renewable policies in China include strengthening compliance with quotas, developing priority dispatch and technical standards for interconnection, putting forward a more advanced feed-in-tariff system, and ultimately guaranteeing the electricity consumer’s right of choice.
KEYWORDS
feed-in-tariffs, renewable power quotas, priority dispatch, distributed generation
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