Indian regulators want to lower the floor price of RECs – a move that could increase renewables demand and benefit sellers who have huge inventories of unsold credits.
The installation oatthe Longyangxia Dam Solar Park currently has the capacity to generate 850 megawatts of electricity, or enough to power roughly 140,000 U.S. homes.
China will reportedly launch trading of certificates for solar and wind power from July 1st 2017, in a bid to reduce government subsidies going to the renewables sector.
In stark contrast to the US, China this month suspended more than 100 coal-fired plants totaling more than 100GW of capacity that were either approved or under construction.
The growth in global production of greenhouse gases has decelerated over the past few years, with 2015 seeing the first actual reduction, of 0.1% compared to 2014 levels.
China is at risk of wasting a whopping $490 billion on new coal plants it doesn’t need under the country’s 13th Five Year Plan