China announces $ 174 bil. in clean energy by 2020

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According to the Bem Paraná Portal, “the most populous country in the world and also the largest emitter of greenhouse gases, China is investing heavily in energy infrastructure for the production of renewable energy. noticia_483104_img1_eolica1According to the agency, hydropower and wind power generation are expected to concentrate most of the investment, with short-term targets set for measures to be in place by 2020 “In addition to the environmental impact of replacing fossil fuels with renewable sources, the policy should also generate 300,000 direct and indirect jobs only with respect to wind energy.”

Read the article on the Bem Paraná Portal here.

To learn more about the case of the change in the energy matrix, we recommend reading the article by Ming et al. (2014). In the article published in Renewable and Sustainable Energy Reviews (Elsevier) entitled “Review of renewable energy investment and financing in China: Status, mode, issues and countermeasures”

Abstract

1-s2-0-s1364032113007752-gr1With the support of national policies, China’s renewable energy generation industry has experienced a rapid development period and entered the world forefront level, especially in the aspects of installed capacity and speed of newly installed capacity. However, with the rapid development of renewable energy, the power generation industry is facing more and more challenges, particularly in investment and financing. For wind power industry, there are also some problems such as single financing channels, blindness of investment projects and so on, which will result in financing difficulties for some advanced projects. In addition, the problems of photovoltaic (PV) power generation lead to vicious competition and to tumble in international market, thus the overcapacity of China’s entire PV industry emerges. Generally speaking, the renewable energy industry is facing a seemingly contradictory prediction of funding deficiencies and blind investment, which is derived from the government-centered renewable energy investment and financing. This government-centered mode has promoted the development of renewable energy industry in the early stage, but it can not be adapted to the requirements of sustainable development. In view of these, the problems of renewable energy investment and financing are thoroughly studied in this paper.

This paper proceeds as follows: Firstly, the overview of the development of China’s renewable energy industry is briefly introduced. Secondly, the status quo of China’s renewable energy investment and financing is explored in detail based on the following five perspectives: investment situation; Investment and financing bodies; Investment and financing means; Sources of funding and financing channels.1-s2-0-s1364032113007752-gr21Secondly, the patterns and characteristics of renewable energy financing are summarized and a comparative analysis of wind power and photovoltaic power generation is carried out. Finally, renewable energy investment and financing issues are discussed and further feasible proposals are put forward. In all, this paper is of great significance in the sustainable and healthy development of China’s renewable energy.

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