Economic tools for integration of alternative energy into the energy system of China

Abstract

The relevance of the research topic is determined by special attention to the development of «green» energy in the state policy of the People's Republic of China. The problem of the development of the Chinese energy sector is the shift of priorities to the search for alternative, clean energy sources that will replace oil and gas. Analysis of recent publications ensures in a persistent interest in the problems of alternative energy in the majority of countries implementing stable economic growth. According to the authors, the processes of integration of alternative energy into the energy system of China, a country with high rates of economic growth, remain unexplored. The purpose of the study is to substantiate the choice of economic instruments for the integration of alternative energy into the energy system of China. The research methods used in the work are comparison, grouping, systems approach, formalization, axiomatic method, analogies, abstraction and modeling. Results of work. Within the framework of this study, the dynamics of changes in the structure of energy consumption in China has been studied, from the point of view of energy sources. China's energy policy issues go hand in hand with its economic policy goals. The country needs to support rapid development and economic growth, but in a much less energy-intensive way. This is widely recognized by the Chinese government, but significant changes in energy consumption versus production could mean major changes in its economic structure. The field of application of the research results is the energy policy of the state, aimed at the greening of life. Findings. The transition to renewable energy is inevitable, so the question is how best to manage this process while minimizing the total cost of energy services and the cost of damage caused by energy use. The combination of energy efficient and renewable energy sources will eventually replace the existing traditional energy system, which is dominated by fossil fuels. The most important factor for such an early transition is the need to address the problem of catastrophic climate change.