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Energy Finance in Promoting Renewable Energy Sustainable Development in China: The Channels and Means of Financing

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Proceedings of the Eleventh International Conference on Management Science and Engineering Management (ICMSEM 2017)

Part of the book series: Lecture Notes on Multidisciplinary Industrial Engineering ((LNMUINEN))

Abstract

As global climate warming and the continued use of fossil energy are unsustainable, it has become imperative to accelerate the development of renewable energy. As one of the largest developing countries, this is especially true for future sustainable development in China; therefore, focusing on renewable energy can significantly reduce its dependence on imported fossil fuels. With policy support, China’s renewable energy industries have had rapid development and are now at the international forefront level in some fields. However, the renewable energy industries are facing challenges, particularly in terms of energy finance. Basically, the renewable energy industry in China is facing a contradictory dilemma because of funding shortages and inefficient investment strategies, due in part to government-centered renewable energy investment and financing. In view of this, the renewable energy financing and the corresponding polices in China are discussed in detail in this paper. Issues of energy finance are also analyzed.

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Acknowledgements

This research is supported by the Program of National Natural Science Foundation of China under Grant (No. 71503216) and (No. 71401136), the Social Science Planning Project of Sichuan Province under Grant (No. SC15C051), the Central Universities Project under Grant (No. 2016NZYQN13), the Technology Finance and Entrepreneurship Financial Research Center Project under Grant (No. JR201507), and the System Science and Enterprise Development Research Center Project under Grant (No. xq15c02).

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Authors and Affiliations

  1. School of Economics, Xihua University, Chengdu, 610039, People’s Republic of China

    Lei Xu

  2. School of Management, Southwest University for Nationalities, Chengdu, 610064, People’s Republic of China

    Yanfei Deng

  3. China Power Construction Corporation, Sichuan Electric Power Design and Consulting Co., Ltd., Chengdu, People’s Republic of China

    Yuan Yuan

  4. College of Engineering, Ohio State University, Columbus, USA

    Karen Mancl

Authors
  1. Lei Xu
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  2. Yanfei Deng
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  3. Yuan Yuan
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  4. Karen Mancl
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Corresponding author

Correspondence to Lei Xu .

Editor information

Editors and Affiliations

  1. Business and Administration, Sichuan University, Chengdu, China

    Jiuping Xu

  2. Fuzzy Logic Systems Institute, Tokyo University of Science, Tokyo, Tokyo, Japan

    Mitsuo Gen

  3. Azerbaijan National Academy of Sciences, Baku, Azerbaijan

    Asaf Hajiyev

  4. Monash University, Clayton, Victoria, Australia

    Fang Lee Cooke

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Xu, L., Deng, Y., Yuan, Y., Mancl, K. (2018). Energy Finance in Promoting Renewable Energy Sustainable Development in China: The Channels and Means of Financing. In: Xu, J., Gen, M., Hajiyev, A., Cooke, F. (eds) Proceedings of the Eleventh International Conference on Management Science and Engineering Management. ICMSEM 2017. Lecture Notes on Multidisciplinary Industrial Engineering. Springer, Cham. https://doi.org/10.1007/978-3-319-59280-0_44

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  • DOI: https://doi.org/10.1007/978-3-319-59280-0_44

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-59279-4

  • Online ISBN: 978-3-319-59280-0

  • eBook Packages: EngineeringEngineering (R0)

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