Renewable Energy Development in China : A 40-Year China-World Bank Partnership
China’s remarkable economic growth required dramatic growth of energy consumption and continuous changes in the nation’s energy economy. The World Bank supported the efforts of the Chinese government to develop and revitalize the country’s energy s...
| Main Authors: | , |
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2021
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/undefined/362321638514944380/Renewable-Energy-Development-in-China-A-40-Year-China-World-Bank-Partnership http://hdl.handle.net/10986/36666 |
| Summary: | China’s remarkable economic growth
required dramatic growth of energy consumption and
continuous changes in the nation’s energy economy. The World
Bank supported the efforts of the Chinese government to
develop and revitalize the country’s energy sector to meet
the daunting challenges it faced while continuously warning
that the unrestrained reliance on coal would lead to
unsustainable stress on the local and global environment. In
mid-1980s, the Chinese government and the World Bank
embarked on a long and arduous journey to develop renewable
energy (RE) to lessen the impacts on the environment and
avoid excessive reliance on coal to alleviate the
debilitating power shortages that constrained the economy.
This paper focuses on the more than 40-year partnership with
the World Bank along China’s long journey to develop a
large-scale, efficient, and competitive RE industry in the
country and globally. While the projects supported by the
World Bank and their role are highlighted in this paper,
this support should only be seen as a catalyst. The
remarkable development of renewable energy in China was
primarily guided by the multiple Chinese authorities at the
national, provincial, and county levels, implemented by the
many public and private companies, and fueled by local
financing institutions. The paper is structured along the
four stages of RE development in China, which are detailed
in a companion report. It highlights the key milestones of
this partnership, its achievements, and challenges,
detailing World Bank support and main activities that
contributed to China’s rise from a lagger to a leader. |
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