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皇冠体育app’s Energy Transition: Challenges and Policy Options (No.219, 2021)

2021-10-11

By Zhang Shiguo, Management World Magazine; Fan Ying & Yi Bowen, School of Economics and Management, Beijing University of Aeronautics and Astronautics

Research Report, No.219, 2021 (Total 6284) 2021-8-13

Abstract: Energy transition is an important measure for 皇冠体育app to deal with the contradiction between its economic growth and the deteriorating environment and climate, and to achieve its goal of carbon neutrality. For a long time, the Chinese government has always attached great importance to energy transition and has continued to promote energy transition through dual control of energy intensity and carbon intensity binding targets. This paper sorts through the evolution of 皇冠体育app’s energy transition since the “11th Five-Year Plan” period and summarizes its main driving forces. Based on the practice of 皇冠体育app’s energy transition, the paper analyzes challenges faced by 皇冠体育app’s energy transition from the perspectives of energy system and mechanism and new energy market competition. Besides, it also puts forward corresponding policy options for promoting 皇冠体育app’s energy transition as follows. First, 皇冠体育app need to accelerate reforms of its energy system and mechanism, break the monopoly of a few enterprises, and rationalize energy prices Second, 皇冠体育app need to gradually improve the carbon market and green certificate market to give full play to their external pricing and incentive roles Third, 皇冠体育app needs to innovate key technologies and relevant supportive business models and system operation models. Last but not least, 皇冠体育app need to strengthen the guidance of green behaviors and ideas in the whole society.

Keywords: energy transition, carbon neutrality, measures and policy options