Performance evaluation on intellectual property rights policy system of the renewable energy in China

With the intensive consumption and price rising of traditional fossil fuels, the development and utilization of renewable energy has attracted worldwide attention. Meanwhile, due to enhanced energy constraints and increasingly grim greenhouse gases, many countries all over the world have been developing renewable energy technologies to promote sustainable growth economically. Intellectual property rights (IPR) policy linked to renewable energy provides institutional guarantee for the development of renewable energy industry and technology. This study works to test the performance of IPR policies of renewable energy industry in China. We employed Cobb-Douglas production function and built on a quantitative policy indicator measurement system over the period from 2004 to 2013 to evaluate the impact of IPR policy of renewable energy industry on innovation and market development in China, which provides an all-round study on the IPR system by clearing up all IPR policy system that is related to the renewable energy industry. The results of Multiple Regression Models indicated that the current IPR policy of renewable energy industry are disconnected from China's reality because the innovation ability of the renewable energy industry has not been improved rapidly and that both the market transformation ability and market prospect of new energy technology patents are weak.