Abstract
Abstract As China is transitioning to the renewable portfolio standard (RPS) regime, this article examines its nascent design and finds it incorporate insufficient forces to generate demand for the renewable resource. Moreover, without further clarification on the flexibility of compliance methods, China’s RPS tends to distort the electricity market. To move China’s RPS system forward, this article takes a close look at the experiences of mature RPS statutes in the New England states, as one bunch of RPS representatives in the USA, and argues critical components following a set of best practices, including a predictable and stable timeframe for stringent targets and the mandatory compliance mechanism with flexible rules. Nevertheless, as no consistent RPS exists across the USA, state-centered RPS statutes are caught up in legal disputes that highlight the necessity of China’s RPS enactment to ensure the compliance market does its job.
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