30 Mar '17, 10am

China to Launch Green Certificates in Renewable Energy Sector

China’s National Development and Reform Commission, Ministry of Finance and National Energy Administration recently jointly announced a pilot program for the issuance of green certificates to renewable energy producers coupled with a trading scheme running on a voluntary basis across the country. The proposed green certificate has attracted wide attention across the industry with several companies confirming the purchase of the green certificates to evidence their use of clean energy. The voluntary-based green certificate aims to resolve the renewable energy subsidy gap and ease a tightened capital flow among clean power producers. Government-provided data showed that by the end of 2016, the subsidy gap had reached roughly 60 billion yuan (US$8.7 billion). The gap is expected to increase to over 300 billion yuan (US$43.7 billion) by 2020, before a new subsidy system comes ...

Full article: http://www.renewableenergyworld.com/articles/2017/03/chin...

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