Contribution of China’s Renewable Energy in Shaping the Global Technological Cycle
DOI:
https://doi.org/10.24160/1993-6982-2018-6-43-50Keywords:
economic cycles, technological modes, fourth industrial revolution, renewable energy sources, solar energyAbstract
The world’s economy is at the beginning of the fourth industrial revolution stemming from the advent of new power generation technologies. It is also at the early stage of setting up the next technological mode based on using new innovative technologies and on restructuring the industry, the economy of social structures, and the psychology of people. Wide-scale penetration of information technologies (based on the components of the elapsing period of time) into various areas of human activity (smart things, machines, robots, artificial intelligence, etc.) will become the technological driver in the new economic cycle. However, power generating technologies based on using renewable sources should become the key driver of the economy. The development of renewable energy around the world is analyzed. It is shown that in the last decade, renewable power generation has been developing at a faster rate than the other industry branches. This fact confirms the statement according to which renewable energy sources are becoming the basis of the new economic cycle that started in approximately 2010. In the future, solar power — a source featuring tremendous primary resources, lower operating costs and longer service life of generating capacities — should become the leader among the renewable sources of energy. The results presented in the article and their analysis have demonstrated that electricity generation from renewable energy sources satisfies the key driver criteria of the new technological cycle of global economy. Indeed, the already high cost of conventional energy carriers shows a continuing rapid growth, a circumstance that hampers further development of energy-intensive technologies and related economy sectors. A significant reduction in the cost of electricity produced from renewable energy sources should have the most favorable effect on the spheres of production, consumption, transport, living conditions, etc. A significant growth in available power helps increase the productivity and leads to breakthrough in the field of new technologies in all significant sectors of industry, transport, and communications. Probable development of this process and its possible consequences are presented.
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Для цитирования: Хэ Кай, Су Линь, Воронков Э.Н. Вклад возобновляемой энергетики Китая в формирование глобального технологического цикла // Вестник МЭИ. 2018. № 6. С. 43—50. DOI: 10.24160/1993-6982-2018-6-43-50.
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For citation: He Kai, Su Lin, Voronkov E.N. Contribution of China’s Renewable Energy in Shaping the Global Technological Cycle. MPEI Vestnik. 2018;6:43—50. (in Russian). DOI: 10.24160/1993-6982-2018-6-43-50.
