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S. Gao
Building a green production system is at the core of an economic system aimed
at balancing industrial development and ecological conservation. To this end, it is
necessary to encourage technological innovations and new business models related to
resources and the environment, and build industrial clusters and business ecosystems
to support green development. For developing countries, the formulation and implementation of effective industrial policies led by the government is very important for
the upgrading and transformation of traditional industries. Industrial policies should
work in tandem with other related policies. In a world where green development
is widely encouraged, there is little controversy over supportive policies for green
industries. From developed countries to developing countries, there are policies to
support renewable energy development, the transformation to clean and low-carbon
energy, and social and economic transformation.
China’s practice in implementing supportive policies for green development will
bring the world benefits in two aspects. First, it will lower the cost of turning industries
green, and improve the well-being of the Chinese population, which is 19% of the
world population. Second, it will generate huge technological spillover and benefit
consumers. China will provide the most cost-effective green products for the world
and play a demonstration role in global green development. The significance of
China’s successful industrial policies has been verified in the ICT sector. In the
clean energy sector, the policies have also generated preliminary results. China now
leads the world in new energy development. It is the largest manufacturer of wind
power equipment and solar photovoltaic components, and is the country with the
largest installed capacities of wind power and solar power. China is leading global
transformation toward clean energy consumption. There is room for improvement
when it comes to China’s supportive policies for green development. Efforts should
focus on making better use of market mechanisms, combining incentives and restraint
measures, forestalling and defusing production overcapacity in new energy sector,
fostering faster technological progress, enabling technological breakthroughs and
innovation on business models to sustain green development, and making greater
contributions to global green development and ecological progress.
S. Gao
Building a green production system is at the core of an economic system aimed
at balancing industrial development and ecological conservation. To this end, it is
necessary to encourage technological innovations and new business models related to
resources and the environment, and build industrial clusters and business ecosystems
to support green development. For developing countries, the formulation and implementation of effective industrial policies led by the government is very important for
the upgrading and transformation of traditional industries. Industrial policies should
work in tandem with other related policies. In a world where green development
is widely encouraged, there is little controversy over supportive policies for green
industries. From developed countries to developing countries, there are policies to
support renewable energy development, the transformation to clean and low-carbon
energy, and social and economic transformation.
China’s practice in implementing supportive policies for green development will
bring the world benefits in two aspects. First, it will lower the cost of turning industries
green, and improve the well-being of the Chinese population, which is 19% of the
world population. Second, it will generate huge technological spillover and benefit
consumers. China will provide the most cost-effective green products for the world
and play a demonstration role in global green development. The significance of
China’s successful industrial policies has been verified in the ICT sector. In the
clean energy sector, the policies have also generated preliminary results. China now
leads the world in new energy development. It is the largest manufacturer of wind
power equipment and solar photovoltaic components, and is the country with the
largest installed capacities of wind power and solar power. China is leading global
transformation toward clean energy consumption. There is room for improvement
when it comes to China’s supportive policies for green development. Efforts should
focus on making better use of market mechanisms, combining incentives and restraint
measures, forestalling and defusing production overcapacity in new energy sector,
fostering faster technological progress, enabling technological breakthroughs and
innovation on business models to sustain green development, and making greater
contributions to global green development and ecological progress.