Energy is the indispensable vital resource for civil development and survival of human beings; it is also a necessary element for social progression and economic growth. Since Xio-Ping Deng promoted revolution and openness in China from 1978, the development in the past thirty years have made it the second largest economic entity in the world and the largest trade export country. However, the speedy economic growth often comes with mass energy consumption which China is not an exception. From three major traditional fossil energies of coal, petroleum and nature gas, only coal has abundant preservation in China but not the other two. China’s overseas oil dependency in 2012 is already close to 60%, in other words, future economic development in China is severely limited by energy insufficiency. Energy crises in China is happening in the near future; and safe supply of the energy is an issue that could occur anytime. How China can adapt such stringent situation? The objective of this study is to explore if China should develop new energy in full scale to compensate insufficient domestic energy reservation.
On top of energy crisis, another even more prominent challenge is the global attention of climate change by greenhouse gas emission. As the second largest country of carbon emission, China cannot stand aside but offer maximum endeavor on the control and mitigation of climate changes. Under such situation, China is in a dilemma. While it needs to consume mass energy to boost economic development and put it on the medium level of developed country much sooner, it also needs to promote energy saving, carbon reduction and environment protection to be responsible to international consensus of carbon reduction. The key measurement for China to meet the goal of energy saving and carbon reduction, is devote full attention on clean new energy development to replace highly polluted fossil energy as the only means.
This paper engage comprehensive review on the status and prospects of ten new energy development in China with full scale such as wind energy, solar energy, hydraulic energy, nuclear energy, biomass, geothermal energy, ocean energy, shale energy, gas hydrate, and hydrogen energy. Current energy supply and demand status and policies on energy-save and emission-abate plus low carbon transition are also depicted here. Evidence data are presented here to evaluate feasibility of new energy development to fill in energy shortfall.