Aug 25, 2009 05:49 PM

China to Improve Renewable Energy Financing

By intern reporter Zhou Yan and staff reporter Chen Zhu

By intern reporter Zhou Yan and staff reporter Chen Zhu

(.com.cn) China's legislators have submitted a proposal to improve funding for renewable energy development as the world's second-largest energy user seeks to reduce dependence on fossil fuels.

A draft amendment to the Renewable Energy Law was passed to the Standing Committee of the National People's Congress on August 24, advocating the establishment of a fund jointly financed by central government fiscal revenue and surcharges on renewable energy consumption.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China’s Factory Exodus Is Turning Vietnam Into the World’s Assembler

2: Meituan Enters Open-Source AI Race With LongCat Model

3: Ex-UBS Banker in Hong Kong Jailed 10 Years for Laundering $17.2 Million

4: Alipay Fined by Luxembourg Regulator for Anti-Money Laundering Breaches

5: End of U.S. Tax Exemption Hits Chinese Air Cargo Carriers Differently

SPONSORED

OR