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Studies from Lithuanian Institute of Agricultural Economics Have Provided New Data on Sustainability Research (Sustainability In the Electricity Sector Through Advanced Technologies: Energy Mix Transition and Smart Grid Technology In China)

Source: 
Economics Daily Report

2019 JUN 11 (NewsRx) -- By a News Reporter-Staff News Editor at Economics Daily Report -- New research on Sustainability Research is the subject of a report. According to news reporting originating in Vilnius, Lithuania, by NewsRx journalists, research stated, “In this paper, we integrate technological, institutional, and financial approaches towards expansion of the smart grid technology. We turn to China as the major producer and consumer of energy with an increasing focus on renewables.”

The news reporters obtained a quote from the research from the Lithuanian Institute of Agricultural Economics, “China’s electricity market has experienced a number of reforms while trying to address the economic and environmental challenges. In order to identify the basic requirements for the Chinese power sector, we look into the underlying trends of the energy mix, regulatory policies, and financial flows. Understanding these facets allows one to suggest directions for the further development of the Chinese power sector in the light of the smart grid concept. Indeed, the smart grid concept has no strict definition and, therefore, requires simultaneous consideration of multiple factors. The analysis shows that ensuring smooth transfer of electricity across the regions is a quintessential condition for smart grid development and the promotion of renewable energy in China. As the role of the state-owned enterprises still remains the most important one in the sector, private initiatives should be supported.”

According to the news reporters, the research concluded: “Therefore, financial incentives are needed to guide the shifts in the energy mix and maintain efficient energy generation and consumption in China.”

For more information on this research see: Sustainability In the Electricity Sector Through Advanced Technologies: Energy Mix Transition and Smart Grid Technology In China. ENERGIES, 2019;12(6):. ENERGIES can be contacted at: Mdpi, St Alban-Anlage 66, Ch-4052 Basel, Switzerland.

Our news correspondents report that additional information may be obtained by contacting T. Balezentis, Lithuanian Institute of Agricultural Economics, Kudirkos Str 18-2, Lt-03105 Vilnius, Lithuania.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.3390/en12061142. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

 

(Our reports deliver fact-based news of research and discoveries from around the world.)

 

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