Abstract：The Renewable Portfolio Standards is an institutional change from the Feed-in Law support to the combined action between government policies and market mechanism.By comparing both effects on China’s power market and social welfare,we realize that:both Feed-in Tariff and Renewable Portfolio Standards can be effective in increasing the green electricity and reducing coal-fired electricity,but the Feed-in Tariff causes the loss of social welfare.The Renewable Portfolio Standards,not only contributes to the improvement of the technological progress,but also achieves the KALDOR-HICKS-IMPROVEMENT by increasing China’s social welfare
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