Analysis of the Role and Challenges of Market Mechanisms in Promoting the Development of Renewable Energy Industry
Abstract
This paper discusses the role and challenges of market mechanisms in promoting the development of the renewable energy industry. It points out that market mechanisms have effectively promoted the development of the renewable energy industry through spontaneous
resource allocation, price regulation, and incentives for technological innovation. However, factors such as imperfections in market mechanisms, the instability of renewable energy, the inadequacy of existing power operation mechanisms, and the industrys high dependence on
policies also pose challenges to industrial development. The paper analyzes the specific manifestations and impacts of these challenges, providing insights for further improving market mechanisms and promoting the healthy development of the renewable energy industry.
resource allocation, price regulation, and incentives for technological innovation. However, factors such as imperfections in market mechanisms, the instability of renewable energy, the inadequacy of existing power operation mechanisms, and the industrys high dependence on
policies also pose challenges to industrial development. The paper analyzes the specific manifestations and impacts of these challenges, providing insights for further improving market mechanisms and promoting the healthy development of the renewable energy industry.
Keywords
Renewable energy industry; Market mechanism; Resource allocation; Price regulation
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DOI: http://dx.doi.org/10.70711/memf.v2i4.5379
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