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Energy Insecurity and Renewable Energy Policy: Comparison between the People's Republic of China and Japan
Zhihai Xie 2020-03-17
As the world’s second and third largest economies, both the People’s Republic of China (PRC)and Japan are facing the challenge of energy insecurity. To meet this challenge,both countries are adopting and enhancing renewable energy policy. This research tries to compare the two countries’ approaches to ensuring energy security and particularly the similarities and differences in their renewable energy policy. The dependence rates on primary fossil energy of both countries are very high. Both countries have huge potential and urgent necessity for renewable energy. Therefore, both countries have been devoted to its development and expansion.
The PRC has rapidly increased its investment in hydroelectric, solar and wind power, which makes its renewable energy sector grow faster than its fossil fuels and nuclear power. Suffering from environmental pollutions caused by fossil fuels, the PRC government has become determined to make laws to regulate energy use. Japan has set its policy of lowering dependency on nuclear power and expanding the use of carbon-free renewable energy in the wake of the Great East Japan Earthquake happened on 11 March 2011. Similarly to the PRC, Japan also combines its national strategy of energy security with its international strategy on its low-carbon goal.
To further enhance the development of renewable energy, the PRC and Japan should put renewable energy as the first priority, increase governmental subsidies and continue encouragement policy, strengthen public−private partnership, search for a global market for renewable energy, take renewable energy as an opportunity to reform and upgrade industries, and conduct cooperation between the two countries.
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