Oxford – Clean energy innovation in China

The report discusses the narrative surrounding China's dominance in clean energy manufacturing, highlighting the various factors contributing to its success beyond just subsidies and state support. These factors include entrepreneurship, policy design, industrial clusters, and technology transfer. The paper groups the factors into four categories: policy support, technology transfer, manufacturing innovation, and human capital. It emphasizes the importance of understanding China's strengths in clean energy innovation and the need for other countries and companies to compete effectively in this field. The study also explores China's potential to retain its innovation leadership. The paper challenges the perception that China's advantage solely stems from subsidies or low-cost components, emphasizing the crucial role of vertical integration, manufacturing clusters, human capital, and entrepreneurship in China's success in clean energy innovation.