China׳s new energy development: Status, constraints and reforms

As the conventional energy resources are limited and environmental problems are becoming increasingly prominent, new energy resources, being environmental friendly and renewable, are paid more and more attention by all the countries. At present, the development and utilization of new energy resources in China has made progress. However, due to the factors such as the international energy competition situation, China׳s productivity level and its development phase, and the lagging of related system and mechanism reforms, China׳s new energy has been faced with constraints in the aspects of the system, efficiency, supply, region and technology. If related reforms were not implemented, the development of new energy in China would be severely hindered for a long period of time in the future. In view of this, this paper reviewed the development status of China׳s new energy industry, and analyzed five aspects of constraints. Moreover, a discussion was carried out from four aspects of the system, consumption, production, technology reforms in order to break the corresponding constraints. Finally the future development planning of new energy was presented. All in all, the deep investigation into China׳s new energy development status, constraints, reforms and planning in this paper is aimed at promoting the reform of new energy resources production and utilization modes, improving the policy system continuously, addressing the deep-rooted institutional contradictions of the new energy industry, and providing the reference and advice for the transformation of China׳s energy structure.