The achievement, significance and future prospect of China's renewable energy initiative

China's high-speed economic growth and ambitious urbanization depend heavily on the massive consumption of fossil fuel. However, the over-dependence on the depleting fossil fuels causes severe environmental problems, making China the largest energy consumer and the biggest CO2 emitter in the world. Faced with significant challenges in terms of managing its environment and moving forward with the concept of sustainable economic development, the Chinese government plans to move away from fossil fuels and rely on renewables such as hydropower, wind power, solar power, biomass power and nuclear power. In this paper, the current status of China's renewable energy deployment and the ongoing development projects are summarized and discussed. Most recent developments of major renewable energy sources are clearly reviewed. Additionally, the renewable energy development policies including laws and regulations, economic encouragement, technical research and development are also summarized. This study showcases China's achievements in exploiting its abundant domestic renewable energy sources to meet the future energy demand and reducing carbon emissions. To move toward a low carbon society, technological progress and policy improvements are needed for improving grid access (wind), securing nuclear fuel supplies and managing safety protocols (nuclear), integrating supply chains to achieve indigenous manufacture of technologies across supply chains (solar). Beyond that, a preliminary prediction of the development of China's future renewable energy developments, and proposes targeted countermeasures and suggestions are proposed. The proposal involves developing smart-grid system, investing on renewable energy research, improving the feed-in tariff system and clarifying the subsidy system.