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American Journal of  Applied 
Statistics and Economics (AJASE)

Research on the Development of  Green Energy Ecological Economy Industry
Kailun Gu1, Jiaxing Li1*, Yulin Qin2

Volume 3 Issue 1, Year 2024
ISSN: 2992-927X (Online)

DOI: https://doi.org/10.54536/ajase.v3i1.2864
https://journals.e-palli.com/home/index.php/ajase

Article Information ABSTRACT

Received: May 06, 2024

Accepted: June 04, 2024

Published: June 08, 2024

Since modern times, with the rapid development of  the economy and the improvement 
of  people’s living standards, people have gradually begun to pay attention to green 
environmental protection, attach importance to the development of  green economy, and 
at the same time, the development of  green economy has also put forward the adjustment 
and optimization of  industrial structure. Today’s green economy has become the trend of  
the times, and it is an economic development path to realize the harmony between man and 
nature.  Continuously strive to promote the green and low-carbon transformation of  energy, 
it will provide important support and reference for the development of  renewable energy in 
the Republic. Based on the analysis of  the literature and the data of  the National Bureau of  
Statistics, this paper puts forward the problems existing in today’s green ecological economy, 
and gives relevant reasonable suggestions for these problems, hoping to provide relevant 
references for energy economy enterprises, so as to promote complementary advantages 
and promote the development of  national energy transformation. In order to promote the 
economic value and economic development significance of  green economy in ecological 
and environmental protection, so as to realize the prospect of  green economic development 
from the perspective of  ecological and environmental protection, and the effective path 
of  today is discussed and summarized, in order to help the development of  China’s green 
economy.

Keywords

Green, Economy Renewable,   
Green and Low-Carbon

1 Belarusian State University Business School, Master Candidate, Minsk, Belaru
2 SiChuan hope automtie vocational college, Ziyang City, Sichuan Province, China
* Corresponding author’s e-mail: yulinqin51@gmail.com

INTRODUCTION 
The development and research of  green energy is the 
general trend of  social development. With the global 
emphasis on environmental protection, the development 
and research of  green energy gradually become the 
top priority of  global development (Gao Teng, 2022). 
Green energy is pollution-free, low-cost, and has no side 
effects, and as a new green and environmentally friendly 
sustainable energy form that can replace traditional fossil 
fuels, green energy will become a major component 
of  the future energy structure. Therefore, we should 
promote the development and use of  green energy (Wei 
Hongxiang, 2022).
In recent years, people have gradually realized that 
energy is an important factor that promotes and restricts 
the country’s economic development. The world is 
facing problems such as energy shortage, continuous 
deterioration of  the ecological environment, and climate 
change, and the development of  renewable energy 
has become an important direction to solve future 
global development problems (Jin Xiaoxuan, 2022). 
As a responsible major country, China attaches great 
importance to promoting its own and other countries’ 
joint efforts to achieve green and low-carbon energy 
transformation and development (Zhang Xuesheng, 
2022). In particular, in 2021, President Xi Jinping made it 
clear in his important speech at the General Debate of  the 
76th Session of  the United Nations General Assembly 
that “China will strive to peak carbon emissions before 
2030 and achieve carbon neutrality before 2060” and 
“China will vigorously support the green and low-carbon 

development of  energy in developing countries, and 
will not build new overseas coal-fired power projects” 
(Huang Qili, 2018). Under the framework of  the Belt and 
Road Initiative and the Paris Agreement, China should 
not only optimize its energy structure and leap to the 
high-quality development of  renewable energy, but also 
support and promote the green and low-carbon energy 
transformation and development of  the countries in the 
Belt and Road Initiative, and make unremitting efforts to 
achieve the goals of  the Paris Agreement (Lv Jiangtao, 
2022). Global Renewable Energy Development Overall, 
on the investment side, renewable energy has become the 
most important area of  energy investment, with China’s 
renewable energy investment ranking first in the world, 
and global fossil energy still dominates the development 
status and trend of  renewable energy, but the growth 
momentum of  renewable energy utilization is strong 
(Long Houyin, 2018).

LITERATURE REVIEW
The Current Situation of  China’s Green Energy 
Economic Development
Renewable Energy Industry
In recent years, with the discovery and research of  
renewable energy, its green environmental protection 
value has gradually become a hot spot of  concern in 
countries around the world, and has begun to be valued in 
economic development and maintenance of  the ecological 
environment, and with the increasing proportion of  the 
energy industry in the social market, as shown in Figure 
1, in 2018, China’s renewable market energy reached 1.89 



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billion US dollars, and the scale reached in 2019 2.09 
billion US dollars, with a scale of  2.33 billion yuan in 2020, 
2.74 billion yuan in 2021, and 3.37 billion yuan in 2022. 
China vigorously develops renewable energy, with energy 
conservation, pollution reduction, and environmental 
improvement as the core, and in the future development, 
China will pay more attention to the research and 
development and implementation of  renewable energy 
technologies.
In 2017, General Secretary Xi Jinping put forward the 
strategic idea of  “four energy revolutions and one 
international cooperation”, and renewable energy has 
become the core of  the energy transition. Renewable 
energy resources are abundant, environmentally friendly 
and clean, and the development of  renewable energy is 
conducive to the protection of  the natural environment 
and the sustainable development of  social economy. 
China has abundant reserves of  energy resources such as 
wind, hydro, solar, marine, and solar energy. As of  the end 
of  June 2023, the country’s installed hydropower capacity 
was 418 million kilowatts, biomass power generation 
capacity was 43 million kilowatts, solar power generation 
capacity was 471 million kilowatts, wind power installed 
capacity was 390 million kilowatts, and the total installed 

capacity of  renewable energy power generation exceeded 
1.3 billion kilowatts, reaching 1.322 billion kilowatts, a 
year-on-year increase of  18.2%, accounting for about 
48.8% of  China’s total installed capacity. From January to 
June, China’s new installed capacity of  renewable energy 
power generation was 109 million kilowatts (accounting 
for 77% of  the country’s new installed capacity). Among 
them, 5.36 million kilowatts of  hydropower, 22.99 million 
kilowatts of  wind power, 78.42 million kilowatts of  solar 
power generation, and 1.76 million kilowatts of  biomass 
power generation were added. The country’s renewable 
energy generation capacity reached 1.34 trillion kilowatts.

Figure 1: Energy analysis of  China’s renewable market 
Source: [https://www.stats.gov.cn/]

Figure 2: Comparison of  the renewable energy industry in China and the rest of   the country
Source: [https://www.stats.gov.cn/]

Sustainable Energy Industry
A sustainable energy industry is a development model 
that is based on meeting the energy needs of  the 
present without compromising the energy needs of  
future generations. Under the current situation of  
rapid growth of  global energy demand and the gradual 
depletion of  non-renewable energy reserves, the 

sustainable development of  the energy industry has 
become an important direction to lead the development 
of  the energy industry. In terms of  the development 
of  the sustainable energy industry, the first is the rapid 
development of  renewable energy. Renewable energy 
sources such as solar, wind, and hydro have gradually 
become mainstream forms of  energy. In particular, the 



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solar energy industry has made great breakthroughs in 
recent years, and the scale of  the photovoltaic power 
generation market continues to expand. At the same 
time, wind energy has also become an important form 
of  renewable energy, and wind farms have been built in 
various places, so that wind power generation capacity has 
been continuously enhanced. Second, significant progress 
has been made in energy storage technology. Renewable 
energy is characterized by unstable power generation 
capacity, and the development of  storage technology 
has become the key to solving this problem. At present, 
the continuous breakthrough of  battery technology has 
continuously reduced the cost of  energy storage, and the 
promotion of  electric vehicles has also provided a huge 
market demand for the development of  energy storage 
technology. The application of  smart energy systems is 
also gradually becoming popular. The intelligent energy 
system uses artificial intelligence, big data and other 
technologies to achieve efficient management of  energy 
and improve energy efficiency. The construction and 
application of  smart grids continue to advance, with the 
help of  the Internet of  Things and cloud computing 
technology, real-time monitoring and regulation of  
energy have been realized. However, there are still some 
challenges to the sustainable energy industry. The first 
is the dilemma of  technological innovation. Although 
significant progress has been made in the development of  
renewable energy, there are still problems of  inefficiency 
and high cost. There is a need to continue technology 

research and development to improve the efficiency 
of  renewable energy use and reduce costs. Although 
the sustainable energy industry faces some challenges, 
with the continuous breakthrough of  renewable energy 
technology and the support of  government policies, the 
sustainable energy industry is expected to achieve faster 
and healthier development in the future.
At present, the world is facing great climate problems, 
such as the rise of  the earth’s temperature, the warming 
of  air temperatures, the melting of  permafrost, the rise 
of  sea levels, the destruction of  the ozone layer, the 
imbalance of  natural ecosystems, and the sharp decline 
of  biological species.
In this environment, clean recycling, waste utilization 
is particularly important, there have been many clean 
recycling energy industry, and the global market size 
continues to expand, clean recycling energy industry 
has become a hot spot for global energy investment, 
attracting a large number of  talents and a large amount 
of  capital, clean recycling energy gradually development 
and utilization, is conducive to further improving the 
ecological environment, improve the quality of  life of  
all classes, social benefits gradually emerged. At present, 
there are 42 million biogas users in the country, and the 
annual output of  biogas in the country is more than 15.8 
billion cubic meters, replacing more than 25 million tons 
of  coal, reducing carbon dioxide emissions by more than 
60 million tons, and greatly improving the environmental 
situation and rural quality of  life.

Figure 3: Analysis of  the use of  biogas for sustainable development in
Chinasource: [https://www.stats.gov.cn/]

MATERIALS AND METHODS
The Development of  China’s Green Energy Economy
Issues Related to Government and Policy
China attaches great importance to and vigorously 
develops the green energy industry, the scale and influence 

of  the clean energy industry are constantly expanding, 
the state has increased the supervision of  environmental 
pollution and the elimination of  enterprises with 
large energy consumption and serious environmental 
pollution, which can not only inhibit the development 



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of  high energy consumption industries, but also increase 
efforts to support the development of  green and clean 
energy industries with low energy consumption. With 
the attention of  the national and local governments, 
China’s green energy industry has developed rapidly, 
and significant progress has been made in all aspects of  
clean energy legislation, industrial policy and government 
policy. However, there are still some deficiencies, because 
the green energy economy is a new issue raised in recent 
decades, and its understanding and research have certain 
limitations, so the direction and methods of  supporting 
green energy need to be improved, and relevant policies 
and laws and regulations should also make new changes 
and improvements with the problem. When new problems 
arise, a lot of  manpower, material and financial resources 
will be invested in studying and solving them. The initial 
research and development cost is high, which restricts the 
development of  the green energy industry to a certain 
extent, so the state’s financial support is particularly 
important for the development of  the new green energy 
industry. The government should strengthen its support 
for the development of  the green energy industry and 
promote the sustainable development of  green energy. 
The government has strengthened the supervision and 
implementation of  policies to ensure that policies can be 
carried out normally and effectively.

The Issue of  Green Energy and Economic 
Development of  Enterprises
At present, green energy enterprises have been established 

not long ago, the social foundation is not solid, its 
ability to resist risks is not high, once it encounters 
some problems, it may fall into a great predicament, the 
enterprise economy is not stable enough, there is not 
enough economic support, some enterprises want to 
further study how to reduce production costs and other 
issues are more difficult. In the absence of  research 
results, some banks are reluctant to help and do not give 
loans, which is likely to bankrupt the company.
The second is that the quality of  economic operation is 
not very high, and the investigation and research found 
that the profits of  China’s green energy enterprises 
continue to grow. As shown in Figure 4, Xintian green 
energy companies will grow by 15.01% in 2022, but their 
profit growth still does not meet the expected standard. 
After the steady growth of  profits from 2019 to 2020, in 
the context of  the three-year epidemic, the load rate of  
China’s green energy enterprises continued to grow: in 
2021, the epidemic led to an overall decline in profits, only 
10.54%, and the epidemic will be completely controlled 
in 2023. The economy rose by 21.86%.
At this stage, some banks in China have not set up lending 
institutions for new green energy enterprises, and have not 
improved the relevant loan policies, which leads to some 
green energy enterprises do not have sufficient financial 
support, no reasonable source of  funds, which narrows 
the financing channels of  enterprises. This situation may 
lead to the adoption of  informal channels by a small 
number of  SMEs, which may limit the development of  
enterprises.

Figure 4: Economic profit of  Xintian green energy enterprises from 2019 to 2023
Source: [https://www.stats.gov.cn/]



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RESULTS AND DISCUSSION
Suggestions on the Development of  China’s Green 
Energy Economy
Policy-Related Recommendations at the Government 
Level
The lack of  policy support restricts the development of  
the sustainable energy industry. Government departments 
should introduce more targeted and long-term policies 
to provide a better development environment and 
support for the sustainable development of  the energy 
industry. Further improve the policy system for green 
energy development, clarify the scope and methods of  
support and how to specifically support the development 
of  enterprises. Establish a unified market rules and 
regulations, introduce new policies to standardize the 
development behavior of  enterprises, increase support 
for green energy, and give relevant subsidy policies, 
incentive policies, and incentive policies. Formulate 
relevant tax reduction policies to reduce the development 
cost of  green energy. The government should work 
with enterprises to actively promote the formulation 
and implementation of  relevant international standards, 
further improve the international competitiveness of  
China’s green energy industry, and let China’s green 
energy enterprises have the confidence to go abroad and 
go to the world.

Suggestions on the Development of  Products and 
Economic Development Trends of  Enterprises
Determine the function of  the enterprise, take the 
function as the center to develop the company’s product 
development plan, conduct social surveys, market research, 
and accurately understand the needs of  users, the needs of  
the market, and then analyze the gap between the current 
market environment and the ideal market environment, 
what is the gap between the products provided by the 
enterprise and the ideal products in the minds of  users, 
and obtain useful information such as which areas are still 
blank or which products are more different from the ideal 
products in the hearts of  users. Conduct a comprehensive 
analysis of  each workshop of  the enterprise, and weave a 
specific product development plan to deal with problems 
and customer service deficiencies. Then try to reduce the 
cost as much as possible, should reduce the total cost of  
the product throughout the whole process of  new product 
development, and coordinate the relationship between 
manufacturing cost and use cost, in the maximum degree 
of  cost reduction, cost reduction is not to cut corners to 
reduce, but to use raw materials as much as possible to 
recycle, and then form a virtuous circle of  new product 
development, as far as possible to reduce the generation of  
industrial waste.

CONCLUSION 
The market for green energy is vast in the future, but 
due to the lack of  technology, the cost is high for the 
time being. The investment in the new energy industry 
is larger, but the time cycle of  recovering the cost is 
relatively long, due to a series of  factors such as high cost, 
limited technology and incomplete government policies, 
etc., the profitability of  development enterprises has been 
in a low state, which has brought a great adverse impact 
on the development of  green energy, and has a negative 
impact on the development of  the industry. However, 
China’s territory is vast; green pollution-free energy is a 
huge wealth in China, so we should work hard to explore 
and develop. The state should vigorously support and 
encourage it. With the government as the leading and 
the enterprise as the main body, we will purposefully and 
selectively introduce advanced technology, technology 
and key equipment at home and abroad, increase 
cooperation with domestic and foreign scientific research 
institutes and well-known enterprises, and develop 
technology and equipment with international advanced 
level and independent intellectual property rights as soon 
as possible, so as to enhance industrial competitiveness.

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Jiangtao, L. (2022).Renewable Energy Promotes 
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Qili, H. (2018).Enlightenment of  China’s renewable 
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