Postface: China in the new policies scenario

Abstract

The rise of China since World War II has been centralized in the form of a series of five-year plans. These plans affected society at all levels and have now reached a zenith in terms of ecological, environmental, energy, and economic outcomes.Anew power law was enacted to govern the Chinese Electricity sector. The central government intent is to decentralize energy generation, transmission, and storage through the formulation of policies which affect energy generation through tighter supervisory controls, through innovation and economic rebates and aid. These new provisions are targeted to slow down the rate of energy consumption and enable the transition of China to an electricity generator based on renewables including hydroelectric, biomass natural gas, and nuclear with a lesser reliance on coal-fired electricity generation. The policies are derived from earlier noticed in area of electricity generation, transmission, and environmental protection. The formulated policies using southernChina as a test casemigrated fromgeneral pronouncements to specific policy outcomes; the acceptance of which is based on the level of gain, fairness, and transparency. Heavy electricity users can buy directly from the power generator competitive rates; however, the social justice principle ensures that users who do not choose to participate in the electricity market are quoted prices that are not at far higher levels than high volume users. Also, there needs to be tighter integration between the supply and return of investment or rebates either at the government or province-level to ensure transparency and fairness to supply. To meet the ambitious targets of decarbonization and environmental goal’s, the policymakers have allowed the local municipalities meet the projected targets using local knowledge, expertise, and resources; however, more research and development (R & D), technical assistance, and workforce training are required tomeet the new policies scenario by 2040.