China Renewable Energy Policy Handbook, 2024 Update
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China Renewable Energy Policy Report Overview
In China, the National Development and Reform Commission (NDRC) is responsible for formulating and implementing strategies relating to economic and social development. The power regulatory structure is governed by the National Energy Administration (NEA), which works under the NDRC and is responsible for strategies for the energy sector. With increasing concern over the need to reduce greenhouse gas (GHG) emissions and protect the environment, renewable resources are expected to witness the highest growth among power-generating resources.
The China Renewable Energy Policy Handbook offers comprehensive information on major policies governing the renewable energy market in most of China. The report also discusses renewable energy targets and plans along with the present policy framework, giving a fair idea of the overall growth potential of the renewable energy industry. Moreover, the report provides major technology-specific policies and incentives provided in the region.
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China Renewable Energy Regulatory Landscape
The Chinese government has been taking various measures to promote the renewable energy industry. Its accelerated development is promoted by a combination of government encouragement and market guidance, supported by the financial and regulatory initiatives that have been introduced to promote renewable energy sources.
China is now a world leader in renewable energy investment. The country has proved itself lead in wind power installation; wind turbine manufacturing and solar photovoltaic (PV) manufacturing. During its 11th five-year plan (FYP – 2006-2010), China aimed to increase its wind power capacity to 10GW. Additionally, in September 2018, China increased its target for renewables to account for at least 35% of electricity consumption by 2030, according to a revised draft plan from NDRC.
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Download a Free Report Sample China Renewable Energy Policy Outlook
The regulatory policy framework for renewable energy in China includes national development plans and the Renewable Energy Law. On January 1, 2006, the Chinese Renewable Energy Law came into effect, which put forward a comprehensive renewable energy policy framework. The law, which served as a stimulus for the tremendous growth of renewable energy in China, provides the legislative framework for the future development of alternative energy. It aims to increase the domestic energy supply, ensure energy security, and optimize China’s energy mix.
Also, the NDRC and the Ministry of Science and Technology initiated the ‘International Science and Technology Co-operation Program in Renewable Energy’ to boost Chinese technological development.
This program was launched to introduce cutting-edge technologies into the national market, attract overseas scientists, and develop exchange programs with international research centers.
Buy the Full Report for Key Renewable Energy Policies in China,
Scope
- The report covers policy measures and incentives used by China to promote renewable energy.
- The report details promotional measures in China both for the overall renewable energy industry and for specific renewable energy technologies that have potential in the country.
Reasons to Buy
The report will enhance your decision-making capability in a more rapid and time-sensitive manner. It will allow you to:
- Develop business strategies with the help of specific insights about policy decisions being taken for different renewable energy sources.
- Identify opportunities and challenges in exploiting various renewable technologies.
- Compare the level of support provided to different renewable energy technologies in the country.
- Be ahead of the competition by keeping yourself abreast of all the latest policy changes.
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Frequently asked questions
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Who is responsible for formulating and implementing strategies relating to economic and social development in China?
In China, the National Development and Reform Commission (NDRC) is responsible for formulating and implementing strategies relating to economic and social development.
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What did the NDRC and the Ministry of Science and Technology initiate in China?
The NDRC and the Ministry of Science and Technology initiated the ‘International Science and Technology Co-operation Program in Renewable Energy’ to boost Chinese technological development.
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What initiatives are the Chinese government taking to promote the renewable energy industry?
The Chinese government has been taking various measures to promote the renewable energy industry such as the combination of government encouragement and market guidance, supported by the financial and regulatory initiatives.
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