The Current Status, Challenges, and Future of China’s Photovoltaic Industry: A Literature Review and Outlook

Feng Wang and Weiwei Liu ()
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Feng Wang: School of Economics and Finance, Xi’an Jiaotong University, Xi’an 710061, China
Weiwei Liu: School of Economics and Finance, Xi’an Jiaotong University, Xi’an 710061, China

Energies, 2024, vol. 17, issue 22, 1-18

Abstract: This paper reviews the transformative shifts within China’s photovoltaic (PV) industry against the backdrop of a global pivot from fossil fuels to renewable energies, a transition underscored by the pressing demands of climate change mitigation. By systematically analyzing existing literature, this study captures the rapid advancements and dominant role of China in the global PV market, spurred by robust governmental support and technological innovation. It also identifies persistent challenges such as technological gaps, supply chain instability, and evolving regulatory frameworks. Key findings highlight the industry’s significant contributions to national energy security and its pivotal role in achieving China’s carbon neutrality goals. This research underscores the critical importance of the PV industry in steering global sustainable energy policies and practices.

Keywords: photovoltaic industry; energy security; energy transitions; carbon neutrality; energy policies (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2024
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