Renewable energy, including solar power, makes up about 11 per cent of China’s energy consumption, with producers granted heavy subsidies. Photo: Xinhua
Renewable energy, including solar power, makes up about 11 per cent of China’s energy consumption, with producers granted heavy subsidies. Photo: Xinhua
Energy

China to launch trading of green certificates for solar and wind power to cut subsidies on renewables

Pilot scheme from July 1 reflects fall in renewable energy production costs and aims to ease burden on state investment in sector

Renewable energy, including solar power, makes up about 11 per cent of China’s energy consumption, with producers granted heavy subsidies. Photo: Xinhua
Renewable energy, including solar power, makes up about 11 per cent of China’s energy consumption, with producers granted heavy subsidies. Photo: Xinhua
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