China said it plans to set up a market for renewable certificates to increase the use of cleaner energy.
The move comes as the world’s largest greenhouse gas producer looks to reduce its reliance on coal.
It means power suppliers will be able to trade “green certificates” which represent the proportion of non-hydro renewable energy which they can generate.
China is aiming to increase the use of non-fossil fuel in the primary energy mix to around 15% by 2020 from its current 12%.
In a statement the National Energy Administration (NEA) said: “Power companies can trade the certificates to meet their targets for the proportion of non-hydro renewable energy. Certificate
holders are encouraged to participate in carbon-emission-reduction trading and energy-saving trading.”
The NEA also set ptovincial targets for the proportion of non-hydro renewable energy use in 2020.
They ranged between 5 and 13%, with Beijing’s target set at 10%.
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