China Renewable Companies Aren’t Juiced Up About ‘Green Certificate’ Program
(Beijing) — The Chinese government is trying to reduce its own subsidy burden while still supporting the solar- and wind-power industries through the buying and selling of “green certificates.” But at least so far, renewable-energy companies aren’t piling in.
The idea behind the certificates is that renewable sources of energy could get what would be akin to a government subsidy, but through private companies that want to show their customers they are green-friendly and financially encouraging renewable energy. The buying is set to begin on July 1.
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