China’s National Energy Administration has issued the final policy paper on the renewable portfolio standards (RPS), which will come into effect in 2020 for five years. The RPS will set minimum levels for renewables’ consumption in provinces. The new policy will also incentivise companies to voluntarily purchase renewable energy through market-driven sales and green certificates, and will help increase their investment returns through increased utilisation. In the future, China aims to increase the share of non-fossil fuels to 20 per cent of the primary energy consumption by 2030.

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