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A study on the policy synergy mechanism for the sustainable renewable energy transformation of Chinese power enterprise: An evolutionary game analysis based on CET, GC, and FIT

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  • Gao, Zhi
  • Zhang, Zhihao

Abstract

Whether power enterprise can sustain their renewable energy transformation is a critical issue concerning energy security, climate change mitigation, and the promotion of sustainable development. This paper, based on China’s new power system development plan (2021–2060), constructs a three-party evolutionary game model involving the government, banks, and power enterprise. It examines the dynamic impact mechanisms of CET, GC, FIT, and their synergies on the sustainable renewable energy transformation of power enterprise across three stages. The study shows that single policies cannot effectively promote the sustainable renewable energy transformation due to insufficient environmental benefits or diminishing economic returns. The collaboration between CET and GC can only generate complementary synergies for the sustainable renewable energy transformation in the first and second stages. However, CET, FIT, and GC can effectively drive the transformation in the second and third stages through cumulative synergies. This study provides theoretical and empirical evidence for policy combinations at different stages of the new power system.

Suggested Citation

  • Gao, Zhi & Zhang, Zhihao, 2026. "A study on the policy synergy mechanism for the sustainable renewable energy transformation of Chinese power enterprise: An evolutionary game analysis based on CET, GC, and FIT," Renewable Energy, Elsevier, vol. 258(C).
    • Handle: RePEc:eee:renene:v:258:y:2026:i:c:s0960148125024826
    DOI: 10.1016/j.renene.2025.124818
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    References listed on IDEAS

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