China has given full play to its advantages in renewable energy under the Belt and Road Initiative

In the first phase of the ASEAN Cooperation Action Plan 2016-2025: In 2016-2020, ASEAN has set an overall regional target of 23% renewable energy in its primary energy mix by 2025, and member states have set national targets accordingly. Laos (59 percent), the Philippines (41 percent), Indonesia (26 percent), Cambodia (35 percent), Myanmar (29 percent) and Thailand (24 percent) all have development targets higher than the overall ASEAN target. Nevertheless, the report highlights the need for ASEAN countries to strengthen the integration of political, economic, legal and market instruments to promote the development of renewable energy. First, it is necessary to strengthen the top-level design of the country, including the introduction of renewable energy quota system at the appropriate time, and promote the establishment of green certificate trading market. Second, it is necessary to establish supporting renewable energy incentive policies, but also to help enterprises broaden financing channels, and enhance the financing capacity of renewable energy industry.

At the same time, the report emphasizes that due to the large economic development gap between ASEAN countries and the uneven distribution of energy resources in the region, the formulation of renewable energy development policies needs to be adapted to local conditions and The Times. Taking Cambodia and other countries with relatively backward economy, low urbanization rate and lagging power development as an example, it is suggested that energy development should focus on opening up power investment and solving the problem of the population without electricity. For countries such as Malaysia that actively develop renewable energy and have a high degree of marketization, it is necessary to formulate innovative support policies, actively promote the affordable Internet access of renewable energy, and determine its feed-in tariff by bidding.

The report highlights case studies in Vietnam and Indonesia. The report believes that Vietnam has great potential for renewable energy, and China can strengthen cooperation with it in power supply construction, technical cooperation, and grid interconnection, and should take wind power as a key investment direction. Indonesia, on the other hand, has a large number of islands and a good endowment of various renewable energy resources. China can strengthen cooperation with Indonesia in basic research, energy accessibility and power supply construction, and take the complementarity of multiple energy resources on islands as a key investment direction.

Yang Fuqiang, senior advisor of the Natural Resources Defense Council (NRDC), pointed out that the renewable energy development potential of countries along the "Belt and Road" is huge, and the Chinese government and enterprises should give play to their advantages in new energy manufacturing, project design and construction, and actively help countries along the line develop renewable energy. Promoting the development of renewable energy in these countries will not only help reduce the adverse effects of climate change, protect the environment and people's health, accelerate the transformation of the energy structure, but also help China to build a good international image of the "Belt and Road".