Discussion of the Chinese Development Strategies of Geothermal Resources Based on the Circular Economy

Abstract

In the context of energy crisis, Chinese government begins to vigorously advocate for the development of new energy sources in recent years including the geothermal energy. Though we have got a huge economic and social benefit, compared with other developed countries in the aspects of mining and using of geothermal resources, our using way and techniques are still in the low-level stage. To solve this problem, after analyzing the basic situation of geothermal resources in China, this article firstly introduces a new perspective, the Circular Economy Perspective. And then we analyze the roles which the government and enterprises should play in the process of creating a geothermal industry full of international competitiveness by Porters diamond model and build a cycle model of whole life cycle of the products of geothermal resources on the basis of industry development. This article asserts a basic development strategy of Chinese geothermal resources in the coming 20-40 years as follows: clear the functions of government, cultivate the subjects of markets, create a circular economy-oriented geothermal resources industry which is full of international competitiveness in a planned market economy and form the new energy economy, the geothermal resources economy in particular.