China's Future in Low Carbon and Clean Energy Industry Expansion 2020 from wisepowder's blog

The “China’s Future in Low Carbon and Clean Energy Industry Expansion” report has been added to ResearchAndMarkets.com’s offering.To get more news about china industry research, you can visit acem.sjtu.edu.cn official website.

In the coming years, low-carbon industry developments will set the economic and business agenda in China and other major economies as climate change becomes more severe in its effects.

The renewable energy and NEV industries will see an accelerated shift in investment activities. Renewable energy and electric mobility are among the most effective tools in the fight against climate change, and more countries are in a joint effort to mature these industries.

Therefore, there will be more room for renewable energy companies to expand their business overseas – especially for Chinese companies as they manufacture renewable energy products way cheaper and in a mass scale due to the economies of scale, government support and experience. Chinese NEV manufacturers also have the same advantage as renewable energy companies in terms of attracting overseas consumers with lower prices.

As a result, this report will look at China’s current policy ground and emerging private sector investments for a greener development, with 15 + 1 key studies from various companies in renewable energy and the NEV sector. Furthermore, it will lay out the China-specific opportunities & challenges in these sectors as well as providing key insights for investors and market watchers.
China stands to benefit significantly by transforming its pattern of economic activity towards low-carbon development pathways. Such a transformation is not only important in preventing climate change and increasing energy efficiency, but it is also important to capitalize on new growth opportunities as a supplier that can help satisfy the increasing global demand for low carbon technologies -solar panels, wind turbines and electric vehicles (EV).
Health crises, the limits of old economic models and energy security are the drivers of China’s low-carbon industry expansion, especially the renewable energy sector and the new energy vehicle sector.
The key studies represented in this report shows that government incentives and subsidies played a key role in developing these sectors. Thanks to these policies and subsidies, the country is in a leading position when it comes to renewable energy output and has also established itself as a market leader in other related technologies, like electric storage systems.
However, as renewable energy prices have fallen, renewable subsidies are being phased out. Previously subsidies were provided as to make renewable energy cheaper and competitive against traditional means of energy production. Another reason is the impact of the US-China trade war on China’s economy. Now, the government is stricter on its spending and subsidy policies. As a result, wind and solar facilities must now compete directly at auction with other forms of power generation.
Considering this situation, there are various challenges and opportunities for these sectors. Challenges include a highly competitive domestic market, possible subsidy cuts, slowing global demand, the USChina trade war and technological developments that the Chinese industry seems to be following from behind. NEV manufacturers are also facing the same challenges.