China eyes launching green certificates for renewables in July

This is to help cut down government subsidies to renewables industry.

Reuters reported that China 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 on Friday.

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.

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