Effectiveness Evaluation Of China's Renewable Energy Financial Policy

In the past 40 years of reform and opening-up,China's economic has developed rapidly and become a major energy producer and consumer in the world today.However,under the background of the intense global climate change and the increasing consumption of fossil energy,China's economic development is still driven by coal-based high-carbon energy,while energy demand is still growing,which brings many challenges to the coordinated sustainable development of economic,energy and environmental systems,and also puts forward higher requirements for the development and utilization of renewable energy.The renewable energy industry is a capital-intensive industry with high production costs and high risks.The development and scale of the industry requires the support of diversified policies.Therefore,it is of great significance to analysis the related issues of renewable energy generation policy in China.Whether the implementation of the policy is reasonable and effective directly affects the sustainable development of the renewable energy industry.Comprehensive scientific policy evaluation and analysis is conducive to judging whether the implementation effect of the policy is obvious,whether the expected goal is achieved,contributing to the optimization and adjustment of the current policy structure,and promoting the sustainable development of the renewable energy industry.This paper analyzed the current domestic and international research status of renewable energy generation policy,and summarizes the existing problems,and then obtains the research content and focus of this paper.According to the present literature and our analysis,the renewable energy generation policy is detailed.Feed-in Tariff(FIT)and Renewable Portfolio Standard(RPS)are the main policy of promoting renewable energy currently.FIT has been implemented in China for many years and has achieved certain effect,and RPS was first proposed in 2017,which will be gradually implemented in China.Whether the joint implementation of FIT and RPS can promote the better development of renewable energy in China,and how effective its implementation will become the focus of attention from all walks of life.Based on System Dynamics(SD),this paper systematically analyzes FIT and RPS,and uses Vensim software to establish a validity evaluation model for renewable energy generation policy.Case analysis is based on wind energy.The benchmark scenario and simulation scenario are set to simulation policy based on the above analysis,and analyzes the effectiveness of the policy and the sustainability of the development of renewable energy generation industry based on the simulation results,and puts forward some suggestions for improving China's renewable energy generation policy.In addition,the model has a certain universality and can be used to evaluate the effectiveness of other renewable energy generation policies.It only needs to adjust the setting of the causality diagram and flow chart of the model.