Renewable energy policy Comparison between EU and China - An empirical analysis with experience curve on EU and Chinese Solar industry

Abstract

The renewable energy sources (RES) has been largely adopted in the world, especially European Union and it has become the main market for wind energy and solar photovoltaic energy. With the stimulation impact from the Feed-in tariffs (FIT), the Solar PV market blowout since 2004. However, even tough with the stimulation of support schemes, the solar energy is still beyond publics bearing. The European Union and China have both massively utilized renewable energy in the recent years. Therefore, it is meaningful to review EU and China’s renewable energy policies development history. From the comparison to analysis how policy stimulate renewable energy utilizing. By 2007, China has become the world’s largest solar energy producer. With China involved into the market, the solar products prices decline dramatically. Meanwhile, EU is the largest solar energy application market. Therefore, adopt experience curve as a tool to assessment European and Chinese solar industry will help us to reveal the factors that influence the cost reduction of solar products.