RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2017-02-03 19:01:00

CHINA'S RENEWABLE ENERGY

CHINA'S RENEWABLE ENERGY

REUTERSChina will launch the trading of green certificates for solar and wind power on July 1 in a bid to help reduce government subsidies to the renewables sector, the National Development and Reform Commission (NDRC) said.

In a pilot program, the NDRC said solar and wind producers would be issued tradeable certificates, proving that electricity has been generated through renewable energy sources.

Renewable energy users such as private and state businesses would be encouraged to buy the certificates, which would then entitle them to an unspecified payment. Each certificate would represent 1 megawatt hour of power, the NDRC said.

Solar and wind power producers who had sold their certificates would no longer receive a direct subsidy for electricity production, it said, without giving further details.

The NDRC said it would monitor the pilot program and could launch a mandatory green certificate scheme in 2018.

Renewable energy makes up about 11 percent of China's energy consumption, with producers granted heavy subsidies.

China said last month it would cut the guaranteed subsidized prices paid for electricity supplied to its national grid by newly built large-scale solar power plants and onshore wind turbines starting Jan. 1.

The NDRC said the change reflected the decreasing cost of renewable energy production and would reduce the burden of state investment in the sector.

 

-----

Earlier: 

SAUDI'S RENEWABLE INVESTMENT: $50 BLN 

LETTERONE IS LOOKING 

BRITAIN'S RENEWABLE: 15% 

ASIAN GROWTH IS GLOBAL 

SAUDI'S RENEWABLE: 9.5 GW 

RENEWABLE ENERGY: GROWING RISKS

 

 

 

Tags: CHINA, RENEWABLE, ENERGY
Chronicle:
CHINA'S RENEWABLE ENERGY
2022, May, 16, 11:54:00
WORLD GAS CONFERENCE 2022
The 28th World Gas Conference (WGC 2022) takes place in Daegu, the energy city of Korea in May 2022.
CHINA'S RENEWABLE ENERGY
2022, May, 16, 11:53:00
6TH ANNUAL LNG SUMMIT USA
The 6th Edition of Wisdom’s Much Acclaimed Annual LNG Summit Will Be Held Live in Houston - PREPARING THE INDUSTRY FOR THE RISE IN DEMAND FOR LNG
CHINA'S RENEWABLE ENERGY
2022, May, 16, 11:50:00
U.S. CO2 EMISSIONS UP
In 2021, U.S. energy-related carbon dioxide (CO2) emissions increased by 296 million metric tons (MMmt), or 6%, compared with 2020 levels.
CHINA'S RENEWABLE ENERGY
2022, May, 16, 11:45:00
BRITAIN'S NUCLEAR DEVELOPMENT
In early April, the government published its Energy Security Strategy, setting out its ambitions for eight new reactors, plus small modular reactors, helping to produce 24 GWe of nuclear generating capacity by 2050, representing about 25% of the UK's projected electricity demand.
CHINA'S RENEWABLE ENERGY
2022, May, 16, 11:40:00
SAUDI ARAMCO NET INCOME $39.5 BLN
Aramco announces first quarter 2022 results Net income: $39.5 billion (Q1 2021: $21.7 billion)
CHINA'S RENEWABLE ENERGY
2022, May, 16, 11:35:00
PHILIPPINIAN RENEWABLES 2 GW
The Philippines has an installed capacity of 26.8 GW (end-2021), with 41% of coal, 17% of oil, 14% of hydro and 13% of gas.
CHINA'S RENEWABLE ENERGY
2022, May, 16, 11:30:00
U.S. RIGS UP 9 TO 714
U.S. Rig Count is up 9 from last week to 714, Canada Rig Count is down 3 from last week to 88.
All Publications »