Institute of Industrial Economics, Chinese Academy of Social Sciences (CASS)
Abstract: Compared with the first two energy transitions in human history, the current third energy transition is characterized by the changing concepts of development. Considering its energy mix dominated by fossil fuels, China is faced with a daunting task of transition. This paper discusses the following policy recommendations on China’s energy transition, including building a renewables-friendly electric power system, developing smart grids and electric vehicles, promoting cross-regional electric power transactions, encouraging financial innovation, and creating new energy industry investment funds to broaden financing channels and persify investment entities.
Key words: energy transition, renewable energy, supply-side solutions
JEL classiﬁcation: Q21, Q28