Energy revolution: China and the US lead the charge

Authors

  • Meriem Riad University Center – Tipaza, Algeria
  • Atmane Akhenak University Center – Tipaza, Algeria

Keywords:

Renewable energy, wind power, solar energy, government policies, investment strategies, sustainable development

Abstract

This article provides an in-depth analysis of the top-performing countries in renewable energy investment. By focusing on key global players such as China and the United States, It explores the strategies and policies driving their leadership in the field. The study examines how these nations have successfully integrated renewable energy technologies like wind, solar, hydro, and geothermal into their energy portfolios, the challenges they faced, and the lessons other countries can draw from their experiences. The findings suggest that a combination of government incentives, private sector innovation, and international collaboration are critical in accelerating the transition to sustainable energy.

References

D. Mullen, J., & Dong , L. (2022, 01). Effects of state and federal policy on renewable electricity generation capacity in the United States. Energy Economics, pp. 1-14.

Hilton, I. (2024, 03 13). How China Became the World’s Leader on Renewable Energy? Retrieved from Yale Environment 360: https://e360.yale.edu/features/china-renewable-energy.

Hassan, Q., Viktor, P., Al-Musawi, T., Mahmood Ali, B., Algburi, S., & Alzoubi, H. (2024, 06 26). The renewable energy role in the global energy Transformation. Renewable Energy Focus, pp. 1-16.

IEA. (2022). World Energy Outlook 2022. Paris: International Energy Agency.

IRENA. (2021). World Energy Transitions Outlook: 1.5°C Pathway. Abu Dhabi: International Renewable Energy.

Khalid, M. (2024, 01). Smart grids and renewable energy systems: Perspectives and grid integration challenges. Energy Strategy Reviews, pp. 2-26.

Lars, N., & Kartik , S. (2024, 09 24). China’s pace puts pressure on global clean energy transition. Retrieved from RystadEnergy: https://www.rystadenergy.com/news/china-pressure-global-clean-energy-transition.

Lihuan , Z., & Ziyi , M. (2023, 10 24). After a Decade of Fossil Fuel Investing, Can China Fulfill Its Promise of a Green Belt and Road Initiative? Retrieved from World Ressources Institute: https://www.wri.org/insights/greening-chinas-belt-and-road-initiative.

REN21. (2023). Global Status Report Renewables 2023. Paris: Renewable Energy Policy Network for the 21st Century.

Smith, N., Lee, S., Koropatnick, R., & Oppelt, S. (2024, 08 01). 4 considerations for your next grid-modernization project. Retrieved from stantec: https://www.stantec.com/en/ideas/topic/energy-resources/4-considerations-for-your-next-grid-modernization-project?utm_source=google&utm_medium=cpc&utm_campaign=energy_sector_2024-ad-program&utm_content=grid-mod&utm_term=grid%20modernization&gad_source=1&g.

UN. (2021). Five ways to jump-start the renewable energy transition now. Retrieved from United Nations: https://www.un.org/en/climatechange/raising-ambition/renewable-energy-transition.

Wang, C. N. (2024, 02 05). China Belt and Road Initiative (BRI) Investment Report 2023. Retrieved from greenfdc: https://greenfdc.org/china-belt-and-road-initiative-bri-investment-report-2023/?cookie-state-change=1730065818364.

Zhao, F., Bai, F., Liu, X., & Liu, Z. (2022, 11 13). A Review on Renewable Energy Transition under China’s Carbon Neutrality Target. Sustainability, pp. 1-27.

Zhou, F., Li, J., & Peng, L. (2022, 09 05). China’s 14th Five-Year Plans on Renewable Energy Development and Modern Energy System. Retrieved from Energy Foundation: https://www.efchina.org/Blog-en/blog-20220905-en.

Published

2024-10-30

How to Cite

Riad, M., & Akhenak, A. (2024). Energy revolution: China and the US lead the charge. International Journal of Economic Perspectives, 18(10), 1908–1920. Retrieved from http://ijeponline.org/index.php/journal/article/view/691

Issue

Vol. 18 No. 10 (2024)

Section

Peer Review Articles
Copyright & Licensing

Copyright (c) 2024 Meriem Riad, Atmane Akhenak

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Allows users to: distribute and copy the article; create extracts, abstracts, and other revised versions, adaptations or derivative works of or from an article (such as a translation); include in a collective work (such as an anthology); and text or data mine the article. These uses are permitted even for commercial purposes, provided the user: gives appropriate credit to the author(s) (with a link to the formal publication through the relevant URL ID); includes a link to the license; indicates if changes were made; and does not represent the author(s) as endorsing the adaptation of the article or modify the article in such a way as to damage the authors' honor or reputation. CC BY