IDEAS home Printed from https://ideas.repec.org/a/mes/emfitr/v57y2021i3p757-772.html
   My bibliography  Save this article

The Effectiveness of China’s Renewable Energy Policy: An Empirical Evaluation of Wind Power Based on the Framework of Renewable Energy Law and Its Accompanying Policies

Author

Listed:
  • Wenfeng Liu
  • Xingping Zhang
  • Yinhe Bu
  • Sida Feng

Abstract

This paper develops a fixed effect model to evaluate the effect of wind power policy using a panel dataset covering 30 provinces in China during the period 2000–2017 based on the framework of the Renewable Energy Law and its accompanying policies. The empirical results show that three mechanisms, the Total target mechanism, the Feed-in tariffs (FIT) mechanism, and the Special fund mechanism, are significant in improving wind generation and capacity. The Total target mechanism’s impact on wind capacity is greater than is that of generation, the effect of both the FIT mechanism and the Special fund mechanism is greater on wind generation than on capacity. The FIT decline mechanism and the Cost sharing mechanism have mutually reinforcing relationships in respect of wind development. The Mandatory connection and purchase mechanism’s effect on wind capacity is significant, whereas its effect on wind generation depends on the specific implementation policy. Conclusions and policy recommendations built on these findings are provided at the end of paper.

Suggested Citation

  • Wenfeng Liu & Xingping Zhang & Yinhe Bu & Sida Feng, 2021. "The Effectiveness of China’s Renewable Energy Policy: An Empirical Evaluation of Wind Power Based on the Framework of Renewable Energy Law and Its Accompanying Policies," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 57(3), pages 757-772, February.
    • Handle: RePEc:mes:emfitr:v:57:y:2021:i:3:p:757-772
    DOI: 10.1080/1540496X.2019.1628016
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/1540496X.2019.1628016
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/1540496X.2019.1628016?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mac Clay, Pablo & Börner, Jan & Sellare, Jorge, 2023. "Institutional and macroeconomic stability mediate the effect of auctions on renewable energy capacity," Energy Policy, Elsevier, vol. 180(C).
    2. Liu, Tingting & Chen, Zhe & Xu, Jiuping, 2022. "Empirical evidence based effectiveness assessment of policy regimes for wind power development in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 164(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:emfitr:v:57:y:2021:i:3:p:757-772. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MREE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.