Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2018.10.059 |
The China wind paradox: The role of state-owned enterprises in wind power investment versus wind curtailment | |
Zhu, Mengye1; Qi, Ye1,2; Belis, David3; Lu, Jiaqi2; Kerremans, Bart3 | |
2019-04-01 | |
发表期刊 | ENERGY POLICY
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ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2019 |
卷号 | 127页码:200-212 |
文章类型 | Article |
语种 | 英语 |
国家 | Peoples R China; Belgium |
英文摘要 | China has seen a surge in wind power installation over the past decade, and is now the world leader in installed capacity. However, wind curtailment i.e., when the power grid frequently interrupts the power connection of installed wind capacity has become an increasingly serious problem. But despite wind curtailment significantly jeopardizing wind power developers' profitability in China, companies have continued to invest. This study, based on extensive interviews with decision-makers in China's Central State-Owned Enterprises (CSOEs), attempts to explain this seeming paradox. Since the majority of wind power investment in China has been made by CSOEs, previous findings of SOE studies assume that this continued investment abjures "economic rationality" due to political/policy burdens. However, this study shows that this is not necessarily accurate. CSOEs' investment behavior also accords with market logic, as they competed fiercely over wind power sites, increasing investment scale as a rational long-term strategy of profitability. We also find that the embrace of market logic by CSOEs has resulted from recent economic and power sector reforms. For a more efficient market, policy makers must pay greater attention to the quality of competition among CSOEs. |
英文关键词 | Wind power China State-owned enterprises Investment Political economy |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000463688200020 |
WOS关键词 | SOFT BUDGET CONSTRAINTS ; POLICY BURDENS ; REFORM ; ACCOUNTABILITY ; AUTONOMY |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/181974 |
专题 | 气候变化 |
作者单位 | 1.Tsinghua Univ, Sch Publ Policy & Management, Beijing 100084, Peoples R China; 2.Tsinghua Univ, Brookings Tsinghua Ctr Publ Policy, Beijing 100084, Peoples R China; 3.Univ Leuven, Leuven Int & European Studies LINES, Fac Social Sci, Pk Str 45, B-3000 Leuven, Belgium |
推荐引用方式 GB/T 7714 | Zhu, Mengye,Qi, Ye,Belis, David,et al. The China wind paradox: The role of state-owned enterprises in wind power investment versus wind curtailment[J]. ENERGY POLICY,2019,127:200-212. |
APA | Zhu, Mengye,Qi, Ye,Belis, David,Lu, Jiaqi,&Kerremans, Bart.(2019).The China wind paradox: The role of state-owned enterprises in wind power investment versus wind curtailment.ENERGY POLICY,127,200-212. |
MLA | Zhu, Mengye,et al."The China wind paradox: The role of state-owned enterprises in wind power investment versus wind curtailment".ENERGY POLICY 127(2019):200-212. |
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