27 Sep '16, 12pm

China ratchets down green-energy growth for first time ever

Stephen Edelstein 48 views Sep 27, 2016 courtesy Bentley Enlarge Photo Over the past few years, China has made a major push to reduce carbon emissions by encouraging use of green technologies. Thanks to generous government incentives and fleet purchases, it is now the world's largest market for plug-in electric cars. Construction of new solar and wind farms has also proceeded at a rapid pace. DON'T MISS: Chevy Volt to become Buick Velite for sale in China: report (updated) But could that green-energy growth soon slow down? Installation of new solar and wind farms is expected drop 11 percent in 2017, representing the first recorded decline in the history of the modern renewable-energy business, according to Bloomberg. The expected drop comes despite the industry reaching a record high in China this year. Photovoltaic solar power field at Volkswagen plant in Chattanooga, Ten...

Full article: http://www.greencarreports.com/news/1106322_china-ratchet...

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