China’s push for decarbonization

The carbon market is finally a reality in China. After 10 years of delays, regional pilot schemes and general uncertainty, China’s national carbon market became a reality on Feb. 1, 2021. Over time, the scheme is expected to support China’s gradual shift away from coal toward more solar and wind in power generation.

Issue 04-2021

A 70 MW PV project in Gansu province. By putting a price on CO2 emissions, China is aiming to incentivize further investment in PV projects.

Image: Sungrow

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