The Bulletin of the Institute of Economics of the Russian Academy of Sciences № 4/2023.  World Economy.

Viktor P. Klavdienko

Dr. Sci. (Econ.), Associate Professor, Leading Researcher, Faculty of Economics, Lomonosov Moscow State University, Moscow, Russia

ORCID: 0000-0001-5929-2755

RENEWABLE ENERGY IN CHINA: TRENDS, INNOVATIONS, PROSPECTS

134-156

373.96 KB

Full text

Abstract

The article examines the main trends and specifics of renewable energy development in China in the context of the current transformation of the global energy economy. The author identifies the factors promoting rapid growth of key sectors of green energy, describes the priority areas of R&D and innovative technological transformations in this field in China, and provides data on the volume and structure of their financing. A comparative analysis of the capacity factor and LCOE of various generation technologies in China and a number of other countries was carried out, and the prospects and problems of further development of China’s renewable energy on the way to carbon neutrality were considered.

Keywords: renewable energy, fossil fuels, energy transition, world economy, China.

JEL: F63, Q42

EDN: MSKMFO

DOI: https://doi.org/10.52180/2073-6487_2023_4_134_156

References

1. Akhmetova V.R., Smirnov O.V. Carbon dioxide capture and storage – problems and perspectives // Bashkir Chemical Journal. 2020. Vol. 27. No. 3. Рp.103–115. (In Russ.).
2. Gorbachova N.V. Innovations in conventional and renewable power generation. Comparative analysis // Innovations. 2019. No. 5. Рp. 35–45. (In Russ.).
3. Zhukov S.V., Reznikova O.V. Energy transition in the United States, Europe and China: latest trends // Studies on Russian Economic Development. 2023. Vol. 34. No. 4. Рp. 439–449. (In Russ.).
4. Klavdienko V. Tax incentives for business enterprises to engage in innovative activity and research in China // Society and Economy. 2018. No. 7. Рp. 39–50. (In Russ.).
5. Klavdienko V.P. Renewable energy in BRICS: contours of mainstream // Innovations. 2019. No. 8. Рp. 82–87. (In Russ.).
6. Kranina E.I. China on the way to achieving carbon neutrality // Financial Journal. 2021. 13. No. 5. Рp. 5–161. (In Russ.).
7. Lukonin S.A., Anosov B.A. China: decarbonising the economy and adhering to the ESG principles // Federalism. 2021. Vol 26. No. 3. Рp. 192–205. (In Russ.).
8. Makeev Yu.A., Salitski A.I., Semenova N.K. Decarbonization in China: energy transition and financing challenges // Vostok (Oriens). 2022. No. 1. Рp. 89–105. (In Russ.).
9. Makeev Yu. A., Salitski A.I., Semenova N. K., Xin Zh. Energy transformation in China: perspectives and obstacles // Outlines of Global Transformations: Politics. Economics. 2022. Vol. 15. No. 2. Рp. 9–32. (In Russ.).
10. Matveev V.A. Modern energy policy of China: external and internal challenges. Moscow. IFES RAS, 2022. (In Russ.).
11. Action Plan for Carbon Dioxide Peaking before 2030 // National Development and Reform Commission, People`s Republic of China, October 27, 2021.
12. An Energy Sector Roadmap to Carbon Neutrality in China. IEA, 2021.
13. BP Energy Outlook, 2023. Edition.
14. BP Statistical Review of Word Energy.2022. 71-st Edition. London. UK, 2022.
15. Chang N. Changing Industrial Structure to Reduce Carbon Dioxide Emission: a Chinese Application // Energy Policy. 2015. Vol. 103. 9. Рp. 40–48.
16. China Energy Transition Status Report // P.R. China. Beijing, 2021.
17. China National Petroleum Corporation. World and China Energy Outlook. China. Beijing, 2022.
18. Energy Technology Innovation. IEA, 2022
19. Energy Transition Investment Trends. 2022. Bloomberg NEF, 2022.
20. Financing Clean Energy in Developing Asia / Ed. By B. Susantono, Y. Zhai, Ram M. Shresha, L. Mo. ADB, 2021.
21. Global energy outlook 2023: Sowing the Seeds of an Energy Transition. IEA, March. 2023.
22. Global Energy Review: CO2 Emission. IEA, 2022.
23. IRENA (2023) Renewable Capacity Statistics. Abu Dhabi, 2023.
24. IRENA (2023) Renewable Energy Statistics, 2023. Abu Dhabi, 2023.
25. IRENA (2022) Renewable Power Generation Costs. 2022. Abu Dhabi, 2022.
26. IRENA (2022) Renewable Technology Innovation Indicators: Mapping Progress in Cost, Patents and Standards. Abu Dhabi, 2022.
27. IRENA (2022) Renewables 2022. Analysis and Forecast to 2027. IEA, 2022.
28. IRENA (2022) World Energy Transition Outlook 2022: 1,5 Cº Pathway. Abu Dhabi, 2022.
29. Levelized Costs of New Generation in the Annual Energy Outlook 2022 // Independent Statistics&Analis. US Energy Information Administration, 2022.
30. Li J., Wang X. Energy and Climate Policy in China Twelve Five Plan: A paradigm shift // Energy Policy. 2012. No. 2. Рp. 519–528.
31. Lyu Ch., Xie Z., Li Z. Market Supervision, Innovation offsets and Energy Efficiency: Evidence from Environmental Pollution Liability Insurance in China // Energy Policy. 2022. Vol. 171 (С).
32. Tracking Clean Energy Innovation. Focus on China // IEA, 2022.
33. World Energy Investment. IEA, 2023.
34. Wu Y. Repositioning CCUS for China`s Net-Zero Future / Melbourne. Global ССS Institute, 2022.
35. Zhao F., Bai F., Liu X., Liu Z. A Review on Renewable Energy Transition under China`s Carbon and Neutrality Target // Sustainability. 2022. Vol. 14. Iss. 22.

Manuscript submission date: 08.06.2023 

For citation:

Klavdienko V.P. Renewable energy in China: trends, innovations, prospects // Vestnik Instituta Ekonomiki Rossiyskoy Akademii Nauk. 2023. № 4. Pp. 134-156. (In Russ.). https://doi.org/10.52180/2073-6487_2023_4_134_156 EDN: MSKMFO

  Creative Commons 4.0