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China’s subsidizing scheme aimed at increasing business use of renewable energy and reducing pollution has high hopesStarting from September 25,the energy surcharge will be raised from 0.008yuan per kilowatt-hour(kwh)to 0.015yuan per kwh for businesses,said the National Development and Reform Commission(NDRC),the country’s top economic planner.The surcharge is to make up for a shortfall in China’s renewable energy development fund.To encourage power plants to install equipment to remove nitrogen oxide,a major air pollutant,the government also increased the subsidy for power plants with denitration facilities from 0.008 yuan per
China’s subsidizing scheme aimed at increasing business use of renewable energy and reducing pollution has high hopesStarting from September 25, the energy surcharge will be raised from 0.008yuan per kilowatt-hour (kwh) to 0.015yuan per kwh for businesses, said the National Development and Reform Commission (NDRC), the country’s top economic planner. The surcharge is to make up for a shortfall in China’s renewable energy development fund. To encourage power plants to install equipment to remove nitrogen oxide, a major air pollutant, the government also increased the subsidy for power plants with denitration facilities from 0.008 yuan per