- 340 pages
- English
- PDF
- Available on iOS & Android
The Great Energy Transformation in China
About this book
In 2020, China started the drive to commence a reduction in carbon emissions by 2030 and reach carbon neutrality by 2060, setting in motion a transition to a green, sustainable and clean economy. China has ambitiously developed clean energy alternatives to coal. This transformation encompasses multifaceted strategies ranging from investment in renewable energy and the development of low-emission technologies to more stringent policy regulations on emissions. Renewable energy sources like hydroelectric power, wind, solar and biomass have received substantial attention and investment, with China emerging as a global leader in renewable energy capacity.
In the technology space, China's transitioning to electric vehicles (EVs) has catalysed the development of a robust EV market, fostering innovation in battery technology and charging infrastructure. China has now become the largest exporter of EVs in the world market. These developments have the potential to materially help curb the world's carbon footprint and mitigate environmental degradation.
Nevertheless, challenges persist domestically, including the need for grid modernisation to accommodate intermittent renewable energy sources and addressing the socio-economic impacts on coal-dependent regions. In the international market, China's efforts towards a cleaner and more sustainable energy landscape have helped position it as a leader in sustainable economic development. This could enhance trade of green products, the development of global renewable energy and international investments in energy transformation. However, global trade and investment in green technologies and products are faced with rising geopolitical tensions and trade protectionism. This book discusses China's achievements in its transition towards renewable energies and identifies new opportunities and challenges for deepening energy transformation in China.
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Information
Table of contents
- List of figures
- List of tables
- Abbreviations
- Acknowledgements
- Contributors
- 1. China’s energy transformation: Experiences and outlook
- 2. China’s energy transition towards carbon neutrality: A multidimensional framework
- 3. Striding over the next hurdle in China’s transition to renewable electricity
- 4. Mechanisms for inter-industrial collaboration in China’s energy transformation
- 5. The rise of electric vehicles in China: Growth, challenges and future prospects
- 6. The European Union’s countervailing duties on electric vehicles from China: Disputes and prospects
- 7. China’s green finance system: Policies, market and international role
- 8. China’s carbon emissions trend after the pandemic
- 9. China’s local government debt: Causes, consequences, characteristics, governance and suggestions
- 10. From growth engine to fiscal drag: Rethinking China’s local government finance
- 11. National saving and macroeconomic imbalances in China
- 12. Rural transformation in the developing world and China’s strategic role: A cross-country comparative perspective
- 13. Can China’s high growth continue? Considering global value chain reconstruction
- Index