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Innovative Energy & Research | ISSN: 2576-1463 | Volume 7
Renewable Energy and Resources
Energy Materials and Fuel Cell Research
2
nd
International Conference on
&
August 27-28, 2018 | Boston, USA
Challenges and opportunities facing by China’s renewable energy development
Xiaoli Zhao
China University of Petroleum-Beijing, China
S
ince 2006, China’s renewable energy has developed very quickly with average annual wind power and solar power increase
rate by 50% and 90% respectively, which is much higher than the average level, 20%, and 49%, in the world (BP, 2017). China
has become the largest wind power capacity and solar power capacity country in the world. However, on the other side, some
obstacles still exist in the process of renewable energy development in China. First, large amount of wind power and solar power
is curtailed in China. Second, the fiscal subsidy gap for renewable energy is huge. Third, a series of policies aimed to resolve
the issues of wind power and solar power curtailment have not been implemented effectively. China’s specific characteristics
of resources, economics, and politics determine that resolving of the above problems is facing big challenges. In contrast,
China’s renewable energy is facing important opportunities for further development. Based on analyzing these challenges
and opportunities, we put forward the key measures to resolve the obstacles of China’s renewable energy development in
the future. Firstly, we discuss how to motivate China Grid Corporation to dispatch more renewable energy by adjusting the
regulation mechanism. China Grid Corporation plays a significant role in dispatching renewable energy, currently, China
Grid Corporation pays more attention to profit instead of promoting renewable energy. Hence, how to motivate China Grid
Corporation to dispatch more renewable energy by adjusting the regulation mechanism is important; second, we analyze how
to promote renewable energy generation by optimal design of China’s power market mechanism. Third, we illustrate how to
formulate appropriate environmental regulation policies to promote the competitiveness of renewable energy by studying the
various impacts of the carbon tax and Cap & Trade on renewable energy development. Fourth, we suggest electricity storage
by batteries and also P2G should be motivated.
Biography
Xiaoli Zhao has completed his PhD from the Renmin University of China. She is the director of the Institute for Low Carbon Economy and Policy, China University
of Petroleum-Beijing, Prof. She is the secretary general and executive member of The Branch of Energy & Resource Systems Engineering, Systems Engineering
Society of China. She has published more than 80 papers in reputed journals and has undertaken four energy research projects awarded by China’s National
Natural Science Foundation as a project leader.
email99zxl@vip.sina.comXiaoli Zhao, Innov Ener Res 2018, Volume 7
DOI: 10.4172/2576-1463-C2-005