China leads the world in installed renewable energy capacity. Photo: Xinhua
China tries to plug funding black hole in green energy scheme
- Regulator says it wants banks to offer loans to renewable energy developers to help make up for a government shortfall in subsidies to the sector
- The scheme was funded by an electricity surcharge that has not kept pace with growth in the industry, analyst says
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China Society
China leads the world in installed renewable energy capacity. Photo: Xinhua