Renewables are expanding quickly but not enough to satisfy a strong rebound in global electricity demand this year. This is resulting in a sharp rise in the use of coal power that risks pushing carbon dioxide emissions from the electricity sector to record levels next year, says a new report …
Read More »China Aims to Increase Subsidies for Solar Power Projects by 57 Percent
The Chinese Ministry of Finance has increased the country’s renewable power subsidies for 2021 by 5 percent to CNY 5.95 billion ($905 million). According to French consultancy Enerdata, subsidies for wind and biomass projects dropped by 24 percent and 18.5 percent, respectively, to CNY 2.31 billion ($351 million) and CNY …
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