BEIJING: 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.
Renewable energy users such as private and state businesses would be encouraged to buy the certificates, which would then entitle them to an unspecified payment.
A representational image of gold jewellery. — AFP/fileKARACHI: Gold prices increased by Rs1,000 per tola on Friday...
A representational image of oil pump. — AFP/fileBUDAPEST: Hungary will face fuel shortages from September if full...
A man stacks gas cylinder in street stall, as Venezuela prepares for elections, July 20, 2024. —...
A man looks at a chart on display in an electronic board at the digital trade on June 17, 2022. — AFPGENEVA: Efforts...
On the screen, the video of the fighting game is being shown to the citizens. — AFP/fileSHANGHAI: A long-haired...
New British finance minister Exchequer Rachel Reeves speaks at an event in London on July 8, 2024. —...