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.


Removal of the ban came as pressure mounts on city administrators to tackle horrible traffic congestion, air pollution and possible fuel supply, caused to a large extent by a rapidly growing number of cars on the road. PHOTO: First snow in Beijing Dec. 31, 2005, courtesy of China Daily.

In the first 10 months of 2005, China's exported autos increased 133.6 percent year on year. For the first time, auto exports exceeded the import by 7,000 units, including 105 electric cars exported to the U.S. Photo of Miles ZX-40, an electric car it plans to import from China.

Chinese vehicles will be a threat to established U.S. auto sellers because vehicles from China are likely to be much cheaper than those from Europe, Japan or North America.


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