Review on the costs and benefits of renewable energy power subsidy in China

Nowadays, renewable energy plays a vital role in the sustainable development of a society. In China, renewable energy power has developed rapidly since the implementation of Renewable Energy Act. Through a series of specific incentive measures, especially subsidy policies, China׳s renewable energy p...

Full description

Saved in:
Bibliographic Details
Published in:Renewable & sustainable energy reviews 2014-09, Vol.37, p.538-549
Main Authors: Zhao, Hui-ru, Guo, Sen, Fu, Li-wen
Format: Article
Language:English
Subjects:
Applied sciences
China
Economic data
Electric energy
Energy
Energy economics
Energy policy
Exact sciences and technology
General, economic and professional studies
Natural energy
Renewable energy power subsidy
Subsidy benefits
Subsidy costs
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Nowadays, renewable energy plays a vital role in the sustainable development of a society. In China, renewable energy power has developed rapidly since the implementation of Renewable Energy Act. Through a series of specific incentive measures, especially subsidy policies, China׳s renewable energy power has made great achievements both in technology and application. Based on the state-of-the-art of renewable energy power, this paper comprehensively analyzed the costs and benefits of renewable energy power subsidy in China. The analysis results show the cost of renewable energy power subsidy was 0.248CNY/kWh between 2006 and April 2011, which was distributed among different renewable energy power types (including wind power, biomass power, and solar PV power) or categories (including electricity price, accessing-grid projects, and public independent renewable energy power system). On the other hand, the renewable energy power subsidy also brings benefits to different aspects of the society. Specifically, the environmental benefit amounted to 17.88 billion CNY, and the benefits of guaranteeing energy security, advancing technology innovation and promoting economic development were also noteworthy.
ISSN:1364-0321
1879-0690
DOI:10.1016/j.rser.2014.05.061