+ 13.02.2010 + China's top legislature adopted on Dec.26, 2009 an amendment to the renewable energy law to require electricity grid companies to buy all the power produced by renewable energy generators.

The amendment, approved by lawmakers after it was heard the second time at a five-day meeting of the National People's Congress (NPC) Standing Committee, aims to support the country's fledgling renewable energy sector.

The amendment says the State Council energy department and the state power regulatory agency should supervise the purchases. It says the State Council energy department, in conjunction with the state power regulatory agency and the State Council finance departments should "determine the proportion of renewable energy power generation to the overall generating capacity for a certain period."

To achieve the emission reduction target, it was vital to realize the renewable energy consumption goal.

Signaling an official effort to shore up clean energy development and fight climate change, the law requires the government to set up a special fund to renewable energy scientific research, finance rural clean energy projects, build independent power systems in remote areas and islands, and build information networks to exploit renewable energy. The fund will be managed by finance, energy and pricing sectors of the State Council. (Source: Xinhua)

CCICED Update No.1, 2010

CCICED = China Council for International Cooperation on Environment and Development