Accelerating Innovation in China’s Solar, Wind and Energy Storage Sectors

Green innovation can become a new driver of growth. It can spur economic growth by (a) enhancing productivity in traditional industries by reducing the energy use and lessening the environmental impact; (b) expanding new green industries, such as renewable energy, clean cars, and waste management; a...

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Main Authors:	Kuriakose, Smita, Lewis, Joanna, Tamanini, Jeremy, Yusuf, Shahid
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2017
Subjects:	POWER ENERGY TRANSMISSION RENEWABLE ENERGY TECHNOLOGY INNOVATION WIND POWER SOLAR ENERGY ENERGY STORAGE
Online Access:	http://documents.worldbank.org/curated/en/981901507788036856/Accelerating-innovation-in-China-s-solar-wind-and-energy-storage-sectors http://hdl.handle.net/10986/28573

id	okr-10986-28573
recordtype	oai_dc
spelling	okr-10986-285732021-06-14T10:09:24Z Accelerating Innovation in China’s Solar, Wind and Energy Storage Sectors Kuriakose, Smita Lewis, Joanna Tamanini, Jeremy Yusuf, Shahid POWER ENERGY TRANSMISSION RENEWABLE ENERGY TECHNOLOGY INNOVATION WIND POWER SOLAR ENERGY ENERGY STORAGE Green innovation can become a new driver of growth. It can spur economic growth by (a) enhancing productivity in traditional industries by reducing the energy use and lessening the environmental impact; (b) expanding new green industries, such as renewable energy, clean cars, and waste management; and (c) leapfrogging current technology to give rise to new industries. The Chinese government is hopeful that green innovation will substantially enhance growth, and this study explores that potential. The study analyzes a few specific sectors in which China has varying levels of advancement: wind, solar, and energy storage. These sectors have been chosen on the basis of (a) their central role in China’s ability to meet its green growth and greenhouse gas (GHG) reduction goals, (b) China’s continuing large public investment into innovation in these sectors, and (c) the expected availability of data to use in the analysis, including outputs such as patenting and inputs such as public and private investment in research and development (R&D). The government plays an essential role in establishing a conducive environment for green innovation. Given the high fixed costs associated, green sectors are even more dependent on the public sectors and favorable regulatory regimes. The recommendations provided in in this study aim to provide China with more comprehensive support for select green sectors. 2017-10-25T19:00:19Z 2017-10-25T19:00:19Z 2017-10-01 Report http://documents.worldbank.org/curated/en/981901507788036856/Accelerating-innovation-in-China-s-solar-wind-and-energy-storage-sectors http://hdl.handle.net/10986/28573 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Energy Study Economic & Sector Work East Asia and Pacific China
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	POWER ENERGY TRANSMISSION RENEWABLE ENERGY TECHNOLOGY INNOVATION WIND POWER SOLAR ENERGY ENERGY STORAGE
spellingShingle	POWER ENERGY TRANSMISSION RENEWABLE ENERGY TECHNOLOGY INNOVATION WIND POWER SOLAR ENERGY ENERGY STORAGE Kuriakose, Smita Lewis, Joanna Tamanini, Jeremy Yusuf, Shahid Accelerating Innovation in China’s Solar, Wind and Energy Storage Sectors
geographic_facet	East Asia and Pacific China
description	Green innovation can become a new driver of growth. It can spur economic growth by (a) enhancing productivity in traditional industries by reducing the energy use and lessening the environmental impact; (b) expanding new green industries, such as renewable energy, clean cars, and waste management; and (c) leapfrogging current technology to give rise to new industries. The Chinese government is hopeful that green innovation will substantially enhance growth, and this study explores that potential. The study analyzes a few specific sectors in which China has varying levels of advancement: wind, solar, and energy storage. These sectors have been chosen on the basis of (a) their central role in China’s ability to meet its green growth and greenhouse gas (GHG) reduction goals, (b) China’s continuing large public investment into innovation in these sectors, and (c) the expected availability of data to use in the analysis, including outputs such as patenting and inputs such as public and private investment in research and development (R&D). The government plays an essential role in establishing a conducive environment for green innovation. Given the high fixed costs associated, green sectors are even more dependent on the public sectors and favorable regulatory regimes. The recommendations provided in in this study aim to provide China with more comprehensive support for select green sectors.
format	Report
author	Kuriakose, Smita Lewis, Joanna Tamanini, Jeremy Yusuf, Shahid
author_facet	Kuriakose, Smita Lewis, Joanna Tamanini, Jeremy Yusuf, Shahid
author_sort	Kuriakose, Smita
title	Accelerating Innovation in China’s Solar, Wind and Energy Storage Sectors
title_short	Accelerating Innovation in China’s Solar, Wind and Energy Storage Sectors
title_full	Accelerating Innovation in China’s Solar, Wind and Energy Storage Sectors
title_fullStr	Accelerating Innovation in China’s Solar, Wind and Energy Storage Sectors
title_full_unstemmed	Accelerating Innovation in China’s Solar, Wind and Energy Storage Sectors
title_sort	accelerating innovation in china’s solar, wind and energy storage sectors
publisher	World Bank, Washington, DC
publishDate	2017
url	http://documents.worldbank.org/curated/en/981901507788036856/Accelerating-innovation-in-China-s-solar-wind-and-energy-storage-sectors http://hdl.handle.net/10986/28573
_version_	1764467180897828864

Accelerating Innovation in China’s Solar, Wind and Energy Storage Sectors

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