Renewable Energy Policies in Developing Countries: A Lesson Learned from China, India, and Malaysia
摘要
The transition to renewable energy (RE) has become a global priority for energy security, climate change mitigation, and economic stability. Developing countries have implemented various policies to accelerate RE adoption, yet their effectiveness differs due to regulatory enforcement, financial sustainability, and market structures. This study examines the RE policies of China, India, and Malaysia, with a focus on Feed-in Tariffs (FiTs), Renewable Purchase Obligations (RPOs), and tendering mechanisms. A comparative analysis used policy documents, government reports, and academic research evaluates effectiveness, cost efficiency, and implementation challenges. The findings indicate that FiTs have been a significate driver of RE growth, but long-term subsidy burdens led to a shift toward market-based pricing. India’s RPO system increased RE demand, but weak enforcement in several states limited their full impact. Malaysia’s transition from FiTs to competitive bidding improved cost efficiency, but early deployment challenges delayed large-scale adoption. The results suggest that structured long-term planning, enforceable regulatory frameworks, and market-driven procurement mechanisms improve RE policy effectiveness. For developing countries such as Indonesia, adopting structured energy planning, strengthening RPO enforcement, and expanding competitive auctions would help accelerate RE expansion.