China, Germany, and Britain have the most stable clean energy policies

The latest report released by the Deutsche Bank Climate Change Research Group shows that China, Germany, and the United Kingdom are the most stable and most consistent in the clean energy policies of countries around the world. This is a gospel for investors because it reduces the risk of policy uncertainty.

According to the Deutsche Bank Climate Change Study Group's assessment of policy transparency, policy validity, and climate change policy stability, China, Germany, and the United Kingdom rank in the top three in turn. The policies adopted by these three countries to control greenhouse gas emissions are also very positive and effective, such as the introduction of binding policies and regulations or the introduction of reliable emission reduction targets, renewable energy generation targets, and long-term energy efficiency plans. At the same time, these three countries have strong financial assistance mechanisms, such as on-grid tariff subsidies and green banks, to help clean energy projects work effectively.

Mark Fulton, head of the Global Climate Change Research Group at Deutsche Bank, said: “The only worry among the three countries in this first echelon is the UK’s budget deficit, but the British government is determined to handle it well. We are committed to ensuring the development of green energy in the UK.We have not tangled in this issue, and we believe that the UK can effectively deal with this issue.British could have been indecisive about clean energy policies, but they put an end to this situation. As for Germany and China, the issue of clean energy development Never hesitated."

The UK has great determination to develop renewable energy. The United Kingdom expects to complete the European Union’s task of generating 15% renewable energy by 2020. Last year, the United Kingdom generated only 3.3% of its electricity. The United Kingdom has also promoted clean energy in the electricity market reform plan that has been recently launched. In the next 10 years, the British power plant will usher in a change of face, and clean energy will take the lead. The new plan will also protect the existing "Renewable Energy Quota Certificate" contract to make existing renewable energy power generation companies more at ease.

Denmark, Finland, France, and Italy are ranked in the second tier in this report, because these countries do not have development agencies like green banks, although there are some on-grid tariff subsidies, tax incentives, and other long-term funding policies. Provisions. Japan's entry into the second tier was due to the lack of a green banking mechanism, while Brazil was due to the lack of a feed-in tariff policy. Mark Fulton said: "Green banks are an effective mechanism to help promote the development of clean energy."

The report of Deutsche Bank highlighted the important role of feed-in tariffs for the development of clean energy. At present, 20 countries in the EU27 have adopted this policy, which has an immediate effect on promoting clean energy development. Mark Fulton said: "The on-grid tariff subsidy policy is often effective because the cost of developing clean energy is too high and government subsidies are critical."

"With the maturation of the on-grid tariff policy, countries including Germany and Spain are now reducing subsidies. It should be noted that if they are drastically reduced, this will seriously affect the future long-term development of the clean energy industry. On-grid tariffs in Ontario, Canada The subsidy program was seen as successful, because the province invested 20 billion Canadian dollars to promote industrial development.But at the same time, the challenge of integrating renewable energy into the power grid emerged. There is a clause in Ontario's on-grid tariff subsidy policy - If this happens, allowing investment to be withdrawn, then the Canadian Conservative Party stated that if the party wins the provincial election in October, it will cancel the feed-in tariff subsidies and other green energy policies.” Mark Fulton said, “Ontario The province has now released a signal of failure.” Compared to other European countries, Spain ranks later because it cuts solar subsidies and provides for retrospective purposes. This regulation has caused harm to the industry. ”

The United States is listed at the bottom of this ranking, because the United States lacks a complete federal policy in developing green energy. It is noteworthy that California is ranked in the second tier, because California has no other exception than green banks. Although some supporters have indicated that they want to promote the development of green banks in California, they are not yet seen. Mark Fulton said: "If California has a green bank, it will be ranked higher." The report conducted a detailed inspection of California, Texas and New Jersey, as the United States can introduce clean Energy plans, so a separate evaluation is more just.

At present, the existing clean energy policies of all countries in the world can only reduce 11 billion tons of carbon emissions by 2020 to 49 billion tons. The report pointed out that the global environmental situation is very serious and existing policies are not enough to achieve the goal of controlling global temperature rise within 2 degrees Celsius.