China Is Huge Market for Renewable Energy

China's new Law on Renewable Resources set to take effect January 1, 2006 will open up a huge market for renewable solar energy.

Published: 28-Dec-2005

p;BEIJING, Dec. 27 (Xinhuanet)-- Energy experts predicted that the implementation of the Law on Renewable Resources on January 1, 2006 will open up a huge market in China for renewable solar energy.

    The new law is expected to boost the development of the country's solar power industry, said the experts.

    The Law on Renewable Energy, which was approved by the National People's Congress (NPC) Standing Committee in February this year, will encourages all units and persons to use solar energy-based generation systems. It is regarded as an important law for the safety of China's environment and for the development of its energy resources.

    Sources from the State Development and Reform Commission (SDRC)said the Chinese government is working on preferential policies to ease energy supply bottlenecks and to make renewable energy a major substitute for coal, oil and natural gas.

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