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Financial support for wind power and photovoltaic power generation
Under potent policy support, China's photovoltaic (PV) and wind power industries have scored remarkable achievements. However, the mechanism of how the policy remains controversial. Based on the data.
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FAQS about Financial support for wind power and photovoltaic power generation
How does government support affect the development of PV & wind power industry?
Taking China's market as an example, the development of the PV and wind power industry is closely related to government support. With China's continuous subsidy withdrawal mechanism, the demand for wind power and PV equipment in the market is growth rapidly.
Why do we need government subsidies for PV & wind power?
It provides practical financial assistance for companies with technology in a more targeted manner and avoids parasitic diseases that enterprises heavily rely on government subsidies, which is fundamental to the sustainable development of the PV and wind power industry.
Are PV and wind power firms unmotivated to improve their technology?
The results of PSM indicate that PV and wind power firms are unmotivated to improve their technology after receiving government support policies compared to other traditional energy firms.
How is financial statement data derived from China's PV & wind power listed companies?
For consistency of data, this paper collects financial statement data of China's PV and wind power listed companies from 2007 to 2020 and removes samples with missing or zero key indicators. The data are derived from CSMAR, wind database, and some missing variables are supplemented by manual excerpts from the annual report. 4.2. Variable estimation
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