Volume 36: Intelligent Energy Solutions for Resilient Urban Systems

Comparative Analysis of Renewable Energy incentive policies strategic: Case Studies and Policy Recommendations for China Sustainable Development Chuyi LUO, Liang XIA

Abstract

This research paper presents the review of two renewable energy strategies, Feed In Tariff (FIT) and Renewable Portfolio Standards (RPS), in China and other countries. The two FIT schemes, which are Erneuerbare Energien Gesetz (EEG) in Germany and Benchmark Grid Electricity Prices (BGEP) in China, are compared. On the other hand, three RPS schemes, which are California’s RPS Program, Australia’s Renewable Energy Target (RET), and China’s Weighting of Responsibility for Renewable Energy Electricity Consumption (WRREEC) framework are reviewed and discussed. Based on the review and findings, recommendations on the future development of renewable energy strategies in China are presented.

Keywords China, Feed In Tariffs, Renewable Portfolio Standards, Carbon peak, Carbon neutrality