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At present, the development of renewable energy relies mainly on government support. Thegovernment invests in a considerable number of projects to improve public welfare and toassist in poverty relief If China is to replace fossil fuels on a large scale with renewableenergy sources, the production costs and prices of renewable energy must be brought down.All countries are facing the challenge of moving to a more secure and low-carbon energysystem without weakening economic and social development. In this regard, China is facingan even greater challenge in terms of economic cost, as cheap coal remains the main energyform. Technical innovation and industrialization in the area of renewable energy is animportant means of lowering cost. China is in for a period of high-speed development of itseconomy and the rising demand for energy is irreversible. If the technical progress anddevelopment speed of renewable energy lags behind the growth in demand, it will be difficultto realize the improvement of its energy structure.
At present, the development of renewable energy relies mainly on government support. Thegovernment invests in a considerable number of projects to improve public welfare and toassist in poverty relief If China is to replace fossil fuels on a large scale with renewable energy sources, the production costs and prices of renewable energy must be brought down. All countries are facing the challenge of moving to a more secure and low-carbon energysystem without weakening economic and social development. In this regard, China is facing even greater challenge in terms of economic cost, as cheap coal remains the main energyform. Technical innovation and industrialization in the area of renewable energy is animportant means of lowering costs. China is in for a period of high-speed development of itseconomy and the rising demand for energy is irreversible. anddevelopment speed of renewable energy lags behind the growth in demand, it will be difficult to realize the improv ement of its energy structure.