By Ryan Wiser and Rachael Terada
China is in the midst of creating a quota system for renewable energy. The policy may resemble that used in many U.S. states known as a renewable portfolio standard (RPS), but China’s electricity market and regulatory structures are unique, as are the challenges it faces to renewable energy development.
As China and other countries begin developing renewable energy quota policies, there are many categories of design issues they can consider, such as capacity- or energy-based targets, the point of regulation, compliance flexibility, and interactions with carbon policy. Overview of Renewable Portfolio Standard Design Options from the U.S. Experience (also available here in Chinese), a new paper by Center for Resource Solutions, highlights the main principles and options that inform RPS program design based on experiences in the United States.
This post is published by the Regulatory Assistance Project. To read more, visit the RAP website.