Analysis of world renewable energy policy and development

The overall development practice of renewable energy in countries around the world shows that focusing on the establishment and formation of a wide variety of market mechanisms has become a consensus and an important driving force to promote the healthy development of renewable energy. At present, the high cost of renewable energy development requires policy support, so incentive policies such as feed-in tariff are designed, which is a distortion to the current electricity market. With the rapid reduction of development costs and continuous technological innovation, renewable energy will gradually reach the level of competition with conventional power supplies, and ultimately do not need policy support, to achieve their own healthy development. Therefore, the long-term development trend is to adopt more market-oriented incentive measures and policy design, so that renewable energy will gradually integrate into and rely on the power market, while innovating inclusive and complementary market mechanisms, coordinating the interests of renewable energy and conventional energy, and jointly ensuring long-term power supply security.