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Review of Energy Finance and Corresponding Policies in Promoting Renewable Energy Sustainable Development in China

  • Yanfei Deng
  • Lei XuEmail author
  • Yuan Yuan
  • Karen Mancl
Conference paper
Part of the Advances in Intelligent Systems and Computing book series (AISC, volume 1002)

Abstract

As global climate warming and the continued use of fossil energy are unsustainable, it has become imperative to accelerate the development of renewable energy. As one of the largest developing countries, this is especially true for future sustainable development in China; therefore, focusing on renewable energy can significantly reduce its dependence on imported fossil fuels. With policy support, China’s renewable energy industries have had rapid development and are now at the international forefront level in some fields. However, the renewable energy industries are facing challenges, particularly in terms of energy finance. Basically, the renewable energy industry in China is facing a contradictory dilemma because of funding shortages and inefficient investment strategies, due in part to government-centered renewable energy investment and financing. In view of this, the development status, modes and renewable energy investment characteristics, financing and the corresponding polices in China are discussed in detail in this paper. As certain constraints are hampering the promotion of sustainable renewable energy development, based on the analysis of the key issues, optimizing countermeasures and feasible proposals are presented. All in all, this study is of significance for energy finance and for the development of corresponding policies for sustainable renewable energy development in China.

Keywords

Renewable energy Energy finance policy Sustainable development 

Notes

Acknowledgements

The work was supported by the Central Universities Project under Grant (No. 2016NZYQN13). The authors are indebted to the editors and reviewers for their valuable comments and suggestions.

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Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  1. 1.School of ManagementSouthwest University for NationalitiesChengduPeople’s Republic of China
  2. 2.School of EconomicsXihua UniveristyChengduPeople’s Republic of China
  3. 3.China Power Construction CorporationSichuan Electric Power Design & Consulting Limited CompanyChengduPeople’s Republic of China
  4. 4.Soil Environment Technology Learning LabThe Ohio State UniversityColumbusUSA

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