Renewable energy development policy

International experience shows that strong laws or legally binding action plans can guide and guarantee the development of renewable energy markets, technologies and industries.

On February 28, 2005, the 14th meeting of the Standing Committee of the Tenth National People's Congress passed the "Renewable Energy Law of the People's Republic of China" (hereinafter referred to as the "Renewable Energy Law"). On January 1, 2006, the Renewable Energy Law came into force.

At the end of 2009, the 11th meeting of the 11th National People's Congress Standing Committee adopted a decision on amending the Renewable Energy Law. The revised Renewable Energy Law was implemented on April 1, 2010.

The revised Renewable Energy Law has a general rule, resource survey and development plan, industry guidance and technical support, promotion and application, price management and cost compensation, economic incentives and supervision measures, legal liability and supplementary regulations 8:33 .

The Renewable Energy Law has legally established the state's full guarantee purchase system for renewable energy power generation, established a power grid enterprise to purchase renewable energy power cost compensation mechanism, and established the National Renewable Energy Development Fund, requiring power grid enterprises to improve. The ability to absorb renewable energy power will strongly promote the healthy and rapid development of China's renewable energy industry, promote energy structure adjustment, and strengthen the construction of an environment-friendly and resource-saving society.

In addition, in 2007, the National Development and Reform Commission issued the “Renewable Energy Medium- and Long-Term Development Plan”, proposing to accelerate the industrialization of wind power generation, biomass power generation, and solar power generation, and gradually improve the quality of clean renewable energy in the energy structure. The proportion of the company strives to make renewable energy consumption reach 10% of total energy consumption by 2010 and 15% by 2020. In 2008, the National Development and Reform Commission issued the “Eleventh Five-Year Plan for Renewable Energy Development”.

As it is still in its infancy, the market competitiveness of renewable energy products is weak, and its development cannot be separated from the support of policy instruments. Since the promulgation of the law in 2005, relevant departments including the National Development and Reform Commission, the Ministry of Finance, the Ministry of Construction, the Electricity Regulatory Commission, and the National Standards Commission have successively issued more than 20 related supporting policies including support for electricity prices and investment subsidies. The establishment of China's renewable energy policy framework system has effectively promoted the industrial progress of renewable energy.

On April 1, 2013, the Ministry of Finance announced that the province's renewable energy tariff surcharges totaled 14.81139 billion yuan, of which wind power generation was 9.31448 billion yuan, accounting for 63% of the total, biomass power generation was 30.5512 billion yuan, and solar power generation was 24.3279. 100 million yuan, other renewable energy 9 million yuan.

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