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With the growing share of the climate-sensitive renewable energy market supply in China, estimating future energy drought risk (ED) is essential. In this paper, based on CMIP6, energy demand and power generation are estimated from 2023 to 2100 under SSP2-4.5 and SSP5-8.5 climate scenarios, and ED is defined from high demand (HD), low wind-solar generation (LWS), and residual load (RL). The results show that the ED exacerbation is relatively high under the SSP5-8.5. Between 2023 and 2100, the duration and severity of HD and RL notably increase, while LWS changes are relatively weak. We find that HD and RL exhibit high summer risks in the south and high winter risk in the north. The return periods vary significantly and extends over time in most regions. Moreover, there are few ED when the installed power generation capacity (IPGC) is increased. When the IPGC increases by 2%–5%, the LWS will decrease at least 20%–72%. With a 10% increase, the LWS will be mitigated by at least 80%, whereas the mitigation for RL is limited, approximately 3–17% at different rates. This work performs the first evaluation of future ED and provides the useful references for risk mitigation in China based on CMIP6. [ABSTRACT FROM AUTHOR]

This paper examines the nexus between fiscal decentralization and renewable energy demand by including income inequality, economic growth, urbanization, and economic globalization as the main determinants in the energy demand function for the case of China. Quarterly frequency data for the period 1980–2018 are used for empirical analysis. Our empirical results show fiscal decentralization positively impacts the demand for renewable energy; in other words, fiscal decentralization can help increase renewable energy demand. In addition, income inequality is negatively linked to renewable energy consumption, while economic growth is positively associated with renewable energy demand. Urbanization and economic globalization add to renewable energy consumption. This study presents Chinese authorities with new guidelines for using fiscal decentralization as an economic tool to formulate effective energy policies for long-term development of the use of renewable energy sources. [ABSTRACT FROM AUTHOR]

In this era of global warming the importance of climate risk cannot be understated, and finding ways to reduce climate risk is a topic worthy of study. In this paper, we innovatively examine the role of renewable energy technology innovation on climate risk in China. In addition to their linear relationship, we also investigate the asymmetric and heterogeneous impact, detect the impact channels, and find that (1) increased renewable energy technology innovation can effectively alleviate the climate risk situation. Accordingly, the development of renewable energy technology innovation can make a significant contribution to CR abatement. (2) Pronounced impacts of renewable energy technology innovation on climate risk can be observed in the higher quantiles (75th and 90th) of climate risk. (3) Renewable energy technology innovation is a powerful weapon for eradicating climate risk in provinces with a higher level of government fiscal expenditure. And (4) renewable energy technology innovation has an impact on climate risk by facilitating energy consumption efficiency, which is a necessary mediator. These conclusions inspire us to put forward several corresponding policy implications for better climate risk governance and renewable energy technology innovation development. [ABSTRACT FROM AUTHOR]

Identifying the research topics of China's energy transition policy and predicting future research trends are crucial for policymakers to make informed decisions and advance the energy transition. This study applied the Latent Dirichlet Allocation (LDA) to extract 26 major research topics from the 13,976 abstracts of Chinese policy research papers in web of science (WOS), conceptualized the five most popular topics and used the ARIMA model to predict trends over the next 36 months. The results show that except for Economic and Environmental Impact of Renewable Energy Consumption (Topic13), which will first experience unanticipated fluctuations and then show strong growth capacity, all other topics will continue to remain positive growth trend. Research and Development (Topic3) is driven by the urgency of China's energy transformation. Economic and Environmental Impact of Renewable Energy Consumption (Topic13) is driven by the potential for the development of renewable energy. Economic Impact of Climate Change (Topic26) is driven by the climate change debate. Economic Growth, Urbanization, and Energy Consumption (Topic7) is driven by a discussion of their relationship and the mechanisms influencing them. Regional Efficiency and Productivity Analysis (Topic19) is driven by regional differences in China's energy policies. [ABSTRACT FROM AUTHOR]