12 May '18, 10pm

China close to enacting a national policy requiring all businesses buy a certain amount of renewable energy:

On March 23, 2018, China’s National Energy Administration (NEA) released for comment a draft of a groundbreaking national policy, the Renewable Portfolio Standard and Assessment Methods (the “draft policy”), that would create a market for renewable energy certificates (RECs). The new REC market is a positive signal and could be very exciting for corporate renewable energy procurement in China. However, a series of market uncertainties need to be resolved for more scalable and economic procurement mechanisms to emerge, and corporate buyers will still need to choose the mechanisms that best suit their needs. Rocky Mountain Institute’s Business Renewables Center China closely follows the market and presents key insights below.

Full article: https://www.rmi.org/news/chinas-move-away-from-voluntary-...

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