Policy

China’s NDRC encourages foreign investment in low carbon sectors

Policy

China’s National Development and Reform Commission (NDRC) recently published a document on ‘Improving Institutional Mechanisms and Policy Measures for Green and Low-Carbon Transformation’. The document notably suggests to: Prioritize energy saving, reinforce the energy consumption intensity management, and enhance the flexibility of total energy consumption control. Additional renewable energy and energy consumption for raw materials …

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Shanghai to promote the development of offshore wind projects in the Hangzhou bay area

Offshore Wind, Policy

Shanghai government launched a series of policies and measures to boost investment and support the city’s economic development. After surging 10.3 percent in 2020, fixed asset investment in Shanghai last year is expected to increase 8 percent YoY. A new round of support policies for renewable energy, battery charging and swapping facilities will be introduced, …

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Eight government departments issue a plan to promote consumption of green power

Policy

The National Development and Reform Commission and seven other departments jointly issued the “Implementation Plan for Promoting Green Consumption”, a guiding document to stimulate the consumption of green power via power and certificate transactions. It notably: Encourages consumers to sign mid- and long-term green power contracts Requires that temporal distribution of local green power production …

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