Chinese Government Officials Consider Energy Subsidy Reform

In response to current climate changes, the National Development and Reform Commission (NDRC) is heading measures to promote green energy low carbon production development in government branches such as the Ministry of Industry and Information, Ministry of Transportation and Communication, Ministry of Housing and Urban-Rural Construction of the People’s Republic of China in areas like industries, architecture, transportation and public facilities, and urbanization.

With the investment of RMB 23 trillion into China’s 12th Five-Year Plan for Energy Saving and Emission Reduction, market share for high efficiency energy saving technology and equipment dramatically rose from 5 percent to 30 percent.

NDRC assistant director Jie Zhenhua states:”We plan to further our development of low carbon industries, low carbon transportation, low carbon cities, low carbon communities, low carbon businesses, and low carbon industrial parks, and research a broader green energy product consumption subsidy policy.”

According to Chinese media, China hopes to further improvements to the country’s economic policies by researching broader green energy production consumption subsidy policies. The NDRC will establish a low-carbon energy system of product identification and authentication in which to select products to carry out an energy-saving low carbon certification pilot so as to guide and promote green energy low carbon consumption.

Additionally, according to media sources the State Council has already agreed to prepare passing the HuiMin project which will give incentives to products with high energy efficiency standards and equipment. The council will also introduce energy saving environmental protection equipment tax incentives to improve resource utilization. There will also be taxes to curb excessive consumption, implementation of green credit, environmental impairment liabilities insurance, catastrophe insurance, expansion of different financial institution’s credit support power towards energy efficient low carbon project, and construction of a green energy rating system.

 

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Osram Opto Semiconductors now enables remote control functionality to be incorporated in a lower profile than ever before thanks to the first flush-mountable infrared LED. The compact side-looking T-shaped Midl... READ MORE

Cree, Inc. introduces the new 8000-lumen LMH2 LED Module, a no-compromise, easy-to-use solution for high-ceiling applications. The 8000-lumen LMH2 is designed to replace 150-watt ceramic-metal-halide (CMH) lamps while using only 63 percent of ... READ MORE