4.7 Article

Do renewable portfolio standards increase renewable energy capacity? Evidence from the United States

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Summary: 1. If all provinces can implement their respective renewable energy planning, the renewable power supply will exceed the renewable portfolio standard targets by about 488 TWh. 2. Guangdong, Shanghai, Jiangsu, Zhejiang and Chongqing will experience the greatest lack of renewable electricity, with a shortfall of 320 TWh, representing 77% of the total renewable portfolio standard target. 3. The greatest shortfall of non-hydro power will occur in Beijing, Jiangsu, Tianjin and Zhejiang, accounting for approximately 69% of the total non-hydro power shortfall. 4. China's renewable portfolio standard policy will further promote the optimal allocation of renewable energy resources among provinces through inter-provincial transactions.

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