exceptional talent encouraged. Specifically, the
following support mechanisms need to be
enhanced:
First, improve the energy technology innovation environment. China should develop and
improve as quickly as possible the laws and
regulations on energy, the support policies and
legislation on the commercialisation of research
findings, intellectual property protection, and
standardisation. China should also improve the
life cycle closed-loop evaluation system for
energy
technology
projects,
strengthen
in-process and post-project supervision and services, and focus on evaluating innovation
performance.
Second, make business more dynamic in
technology innovation. China should develop a
business-led energy technology innovation system to boost the motivation of business in
innovation
and
promote
“widespread
entrepreneurship and innovation”.
Third, consolidate the foundations of energy
technology innovation. China should deepen its
reform of scientific research institutions in
energy and the scientific research system in
universities. It should develop a team of talented
inter-disciplinary managers who have knowledge
and experience in markets and strategy.
Fourth, improve the investment and financing
mechanism for technological innovation. China
should leverage the advantages of policy and
development-oriented finance and increase its
support for key applications in energy
technology.
Fifth, innovate the support mechanism for tax,
pricing and insurance. China should implement
tax policies beneficial to energy technology
innovation, improve the method for calculating
R&D investment by energy companies, reduce
the tax burden of energy companies, and implement preferential policies on assets like resources, energy and land.
Sixth, deepen international cooperation and
exchange on energy technology. China should
develop international strategies for energy technology innovation and develop comprehensive,
multi-level international cooperation on energy
technology. China should also leverage major
energy projects under the Belt and Road Initiative to evolve China’s advanced energy technologies, equipment and standards into
benchmarks for global energy development.
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