14 P. MIDFORD
possible electricity market liberalization, grid capacity, and storage issues
that could affect Korea’s adoption of renewable energy moving forward.
In Chapter 9, Gang Chen considers how the Chinese government
has been adjusting its renewable energy promotion policies in the wake
of fierce competition among various renewable energy and low-carbon
energy sources. Specifically, the government has been adjusting subsidy
amounts, on-grid tariffs, and other financial incentives to support various
non-fossil fuel energy sources. The central authorities have adjusted
renewable energy targets in response to new industrial and market conditions, as well as in response to concerns from different interest groups.
Hydrogen storage technology may be a future solution to the severe intermittency challenges facing renewable energy sources in China, especially
for wind and solar power.
Chapter 10 by Gautam Jindal, Jacqueline Tao, and Anton Finenko
examines the growth of solar PV in Singapore even in the absence of
subsidies. Singapore’s distinct profile as a densely populated city-state with
little potential for land-intensive renewable energy sources such as wind
turbines, and limited and crowded territorial waters and EEZ for offshore
wind, makes solar PV the key renewable for Singapore. Remarkably, solar
has been expanding despite a lack of subsidies. Nonetheless, policymakers
need to address three vital challenges—limited space, intermittency, and
no subsidies likely in the future, challenges that can restrict PV solar from
playing a large role in Singapore’s energy future. Grid capacity and storage
also loom as future challenges to expanding solar PV generation.
In Chapter 11, Nam Hoai Nguyen and co-authors analyze how Vietnam’s renewable energy policy has changed as it has achieved success
in starting to significantly scale up renewables. The Vietnamese government has initiated systematic policies for promoting renewable energy
since the early 2000s, and in 2017 the country became the first major
emerging economy in East Asia to give up developing nuclear power.
However, to meet the growing demand for lower emission electricity,
Vietnam needs market-based policies facilitating a favorable environment
for expanding renewable energy. With stronger commitments from the
government, more effective policies such as Renewable Portfolio Standard
(RPS) frameworks and auctions are expected to deliver more renewable
electricity to customers. With increasing penetration of solar and wind
power causing congestion on the grid, there are considerable opportunities for building local and smart grids that could facilitate more reliable
and secure electricity services. Abundant hydro-electric capacity offers
possible electricity market liberalization, grid capacity, and storage issues
that could affect Korea’s adoption of renewable energy moving forward.
In Chapter 9, Gang Chen considers how the Chinese government
has been adjusting its renewable energy promotion policies in the wake
of fierce competition among various renewable energy and low-carbon
energy sources. Specifically, the government has been adjusting subsidy
amounts, on-grid tariffs, and other financial incentives to support various
non-fossil fuel energy sources. The central authorities have adjusted
renewable energy targets in response to new industrial and market conditions, as well as in response to concerns from different interest groups.
Hydrogen storage technology may be a future solution to the severe intermittency challenges facing renewable energy sources in China, especially
for wind and solar power.
Chapter 10 by Gautam Jindal, Jacqueline Tao, and Anton Finenko
examines the growth of solar PV in Singapore even in the absence of
subsidies. Singapore’s distinct profile as a densely populated city-state with
little potential for land-intensive renewable energy sources such as wind
turbines, and limited and crowded territorial waters and EEZ for offshore
wind, makes solar PV the key renewable for Singapore. Remarkably, solar
has been expanding despite a lack of subsidies. Nonetheless, policymakers
need to address three vital challenges—limited space, intermittency, and
no subsidies likely in the future, challenges that can restrict PV solar from
playing a large role in Singapore’s energy future. Grid capacity and storage
also loom as future challenges to expanding solar PV generation.
In Chapter 11, Nam Hoai Nguyen and co-authors analyze how Vietnam’s renewable energy policy has changed as it has achieved success
in starting to significantly scale up renewables. The Vietnamese government has initiated systematic policies for promoting renewable energy
since the early 2000s, and in 2017 the country became the first major
emerging economy in East Asia to give up developing nuclear power.
However, to meet the growing demand for lower emission electricity,
Vietnam needs market-based policies facilitating a favorable environment
for expanding renewable energy. With stronger commitments from the
government, more effective policies such as Renewable Portfolio Standard
(RPS) frameworks and auctions are expected to deliver more renewable
electricity to customers. With increasing penetration of solar and wind
power causing congestion on the grid, there are considerable opportunities for building local and smart grids that could facilitate more reliable
and secure electricity services. Abundant hydro-electric capacity offers