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China to Pay $1.4 Billion in Subsidies for Renewable Energy

Bloomberg -- China, the world’s biggest carbon emitter, will pay 8.6 billion yuan ($1.4 billion) in subsidies for electricity generated from renewable power this year.

Regional financial authorities will allocate the funds to provincial and independent power-grid companies, according to a Ministry of Finance statement posted on the central government’s website. The government will provide 5.9 billion yuan for wind- power and 2 billion yuan for biomass-energy projects, with the rest subsidizing solar farms.

The move will bolster cash flows at renewable-energy developers as the grid companies are required to use the capital to pay the fixed and above-market tariffs of clean electricity output they purchased in 2012.

The world’s second-biggest economy is deploying energy generated from the sun, wind

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Submitted Dec 19, 2012 By: angel4me

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virostek Veteran Author Virginia Posts:423 Points:90,285 Joined:Oct 2012	Message Posted: Dec 20, 2012 7:24:13 AM Ignore virostek Report Abuse Wow.
virostek Veteran Author Virginia Posts:423 Points:90,285 Joined:Oct 2012	Message Posted: Dec 20, 2012 7:24:02 AM Ignore virostek Report Abuse Wow.
PDQBlues Champion Author San Diego Posts:7,209 Points:1,475,050 Joined:Jan 2009	Message Posted: Dec 19, 2012 5:26:16 PM Ignore PDQBlues Report Abuse It would appear that the US will need to play technological 'catch-up' with a foreign country. That is, assuming that these politicians begin to focus on what's good for the US rather then for their own political party. If that continues, the US may be left in the dust for many decades.
matthwbar Champion Author Toledo Posts:4,203 Points:1,045,505 Joined:Jun 2007	Message Posted: Dec 19, 2012 1:08:58 PM Ignore matthwbar Report Abuse Less money for Obama...
Cheepo Champion Author Tampa Posts:9,989 Points:3,147,905 Joined:Apr 2003	Message Posted: Dec 19, 2012 12:16:51 PM Ignore Cheepo Report Abuse I do not care what the chinese do, drill baby drill and keep it here!!!!
nsdp Champion Author San Antonio Posts:1,117 Points:47,990 Joined:Jun 2012	Message Posted: Dec 19, 2012 11:56:23 AM Ignore nsdp Report Abuse Oh if only we were as efficient as the Chinese. We complain about their new coal plants but their plants use three tons of coal to generate the same amount of electricity that it takes US plants 4 tons to generate. They also tear down the 3% comprising the most inefficient plants each year. They are doing while we talk. [Edited by: nsdp at 12/19/2012 11:59:46 AM EST]
peakkeller Champion Author Colorado Springs Posts:1,754 Points:790,950 Joined:Dec 2009	Message Posted: Dec 19, 2012 11:33:07 AM Ignore peakkeller Report Abuse This is good news - China needs to cut down on their pollution.
Van_Halen Champion Author Atlanta Posts:2,959 Points:667,045 Joined:Apr 2011	Message Posted: Dec 19, 2012 11:22:35 AM Ignore Van_Halen Report Abuse . Wow, big deal, as that is only 2 months Interest that we are paying to China every two months. I think they can afford it since we and our children and grandchildren are paying for it!
chyguy3 Champion Author Wyoming Posts:2,855 Points:860,590 Joined:Sep 2006	Message Posted: Dec 19, 2012 11:03:47 AM Ignore chyguy3 Report Abuse Only 8.6m yuan?? Only 8.6? Seems like a drop in the teacup to me. [Edited by: chyguy3 at 12/19/2012 11:06:13 AM EST]
jimmy544 Champion Author Boston Posts:4,384 Points:681,555 Joined:Feb 2011	Message Posted: Dec 19, 2012 11:01:19 AM Ignore jimmy544 Report Abuse This will eventually pay off for China. They need to cut their use of coal and oil because they have to import most of it and it will only become more expensive and harder to obtain in the future. The Chinese government has a real energy policy unlike the one that the Oil companies dictate to our government.
techque Champion Author St. Louis Posts:8,795 Points:2,444,630 Joined:Apr 2005	Message Posted: Dec 19, 2012 10:57:19 AM Ignore techque Report Abuse this is your carbon hoax fascists at work.
40mpgsaturn Champion Author Wisconsin Posts:2,595 Points:544,005 Joined:Jun 2011	Message Posted: Dec 19, 2012 10:56:21 AM Ignore 40mpgsaturn Report Abuse Good!!
momof5MN Champion Author Twin Cities Posts:4,194 Points:221,560 Joined:Feb 2011	Message Posted: Dec 19, 2012 10:45:55 AM Ignore momof5MN Report Abuse Clean it up.
jazzmanbiv Rookie Author Virginia Posts:43 Points:24,860 Joined:Jan 2012	Message Posted: Dec 19, 2012 10:45:06 AM Ignore jazzmanbiv Report Abuse Hmmmmm let me think about how I can cash in on some of this profit to be made?
DimitrisIL Champion Author Chicago Posts:1,541 Points:542,025 Joined:Feb 2011	Message Posted: Dec 19, 2012 10:44:00 AM Ignore DimitrisIL Report Abuse China needs to upgrade and invest in clean energy now before fog from CO2 gets so dense and its people can't see each other.
Double_Golden Champion Author San Francisco Posts:2,697 Points:633,025 Joined:Aug 2011	Message Posted: Dec 19, 2012 10:43:45 AM Ignore Double_Golden Report Abuse yes, Renewable Energy...
twinfanMN Champion Author Minnesota Posts:1,697 Points:474,895 Joined:Jun 2011	Message Posted: Dec 19, 2012 10:43:40 AM Ignore twinfanMN Report Abuse I like this idea
buzzieNY Champion Author Buffalo Posts:3,030 Points:663,030 Joined:Jun 2011	Message Posted: Dec 19, 2012 10:38:40 AM Ignore buzzieNY Report Abuse $1.4 billion and who is keeping track of this?
NotmeuQc Champion Author Montreal Posts:5,756 Points:1,159,175 Joined:Apr 2009	Message Posted: Dec 19, 2012 10:37:22 AM Ignore NotmeuQc Report Abuse If they can lower their carbon emissions, this is good.
Topshopper2011 Champion Author New Jersey Posts:1,067 Points:290,625 Joined:Aug 2011	Message Posted: Dec 19, 2012 10:34:41 AM Ignore Topshopper2011 Report Abuse about time! China pollutes alot!
carpenter4u Champion Author Virginia Posts:2,476 Points:638,020 Joined:Jul 2011	Message Posted: Dec 19, 2012 10:34:31 AM Ignore carpenter4u Report Abuse They do not follow the rules
FusionCa All-Star Author Phoenix Posts:927 Points:575,660 Joined:Jun 2011	Message Posted: Dec 19, 2012 10:34:22 AM Ignore FusionCa Report Abuse Go Green!
rwrMO Champion Author Missouri Posts:2,546 Points:581,170 Joined:Jun 2011	Message Posted: Dec 19, 2012 10:32:12 AM Ignore rwrMO Report Abuse they will pay with our money and not feel it.
truckpdlr Champion Author Tucson Posts:3,086 Points:1,123,715 Joined:Sep 2009	Message Posted: Dec 19, 2012 10:30:54 AM Ignore truckpdlr Report Abuse Good for them
Hypersonic All-Star Author Maryland Posts:981 Points:872,070 Joined:Aug 2008	Message Posted: Dec 19, 2012 10:30:01 AM Ignore Hypersonic Report Abuse Renewable is the future.
Insuremn Champion Author Twin Cities Posts:5,087 Points:1,057,435 Joined:May 2010	Message Posted: Dec 19, 2012 10:29:52 AM Ignore Insuremn Report Abuse I don't believe this.
mnorthwood13 Champion Author Michigan Posts:1,391 Points:773,055 Joined:Apr 2010	Message Posted: Dec 19, 2012 10:29:51 AM Ignore mnorthwood13 Report Abuse Not a surprise.
Cableman66 Champion Author North Carolina Posts:2,247 Points:517,585 Joined:May 2011	Message Posted: Dec 19, 2012 10:29:45 AM Ignore Cableman66 Report Abuse Ok whats it do for us.
BeaconLite Champion Author Ottawa Posts:2,080 Points:396,955 Joined:Sep 2009	Message Posted: Dec 19, 2012 10:28:27 AM Ignore BeaconLite Report Abuse Good to see their not burning goal or less of.
zimowski Champion Author San Jose Posts:6,811 Points:1,612,165 Joined:Nov 2007	Message Posted: Dec 19, 2012 10:25:04 AM Ignore zimowski Report Abuse Better than more coal-burning plants.
f4driver Champion Author Maine Posts:2,633 Points:699,405 Joined:Aug 2007	Message Posted: Dec 19, 2012 10:23:44 AM Ignore f4driver Report Abuse The chi-coms doing what they do best.
lpatti1 Champion Author Philadelphia Posts:10,321 Points:1,988,440 Joined:Sep 2005	Message Posted: Dec 19, 2012 10:21:28 AM Ignore lpatti1 Report Abuse And who gets the money and benefits from it? NOT WE THE PEOPLE, DO WE?
JasTheAce Champion Author Raleigh Posts:1,110 Points:200,035 Joined:Nov 2012	Message Posted: Dec 19, 2012 10:21:27 AM Ignore JasTheAce Report Abuse snooze
Norm10 Champion Author British Columbia Posts:3,396 Points:165,955 Joined:Dec 2010	Message Posted: Dec 19, 2012 10:21:14 AM Ignore Norm10 Report Abuse And the rich get richer - on tax payer money!
DesertRat2011 Champion Author Riverside Posts:3,761 Points:511,530 Joined:Jun 2011	Message Posted: Dec 19, 2012 10:19:55 AM Ignore DesertRat2011 Report Abuse $1.4 billion and who is keeping track of this?
THEDodgeman Champion Author Denver Posts:8,132 Points:1,974,365 Joined:Apr 2005	Message Posted: Dec 19, 2012 10:18:42 AM Ignore THEDodgeman Report Abuse big deal
bicycler Champion Author Ontario Posts:14,815 Points:2,598,445 Joined:May 2005	Message Posted: Dec 19, 2012 10:17:44 AM Ignore bicycler Report Abuse Good for them!
7SPEEDY7 Champion Author Flint Posts:1,421 Points:632,925 Joined:May 2011	Message Posted: Dec 19, 2012 9:59:20 AM Ignore 7SPEEDY7 Report Abuse China Really????
2008JeepX Sophomore Author Newfoundland Posts:238 Points:72,550 Joined:Jan 2009	Message Posted: Dec 19, 2012 9:56:48 AM Ignore 2008JeepX Report Abuse As much as I fear China from having so much raw natural resources imported (Oil, Iron Ore, Coal,,, etc) i do hope they get this to work,,, but that being said,,, if it works will they export the technology??? ya they will,,, and we in north america should be the leaders in new technology and renewable resource energy creation...
humblepie Champion Author Toledo Posts:35,329 Points:2,399,070 Joined:Mar 2006	Message Posted: Dec 19, 2012 9:51:34 AM Ignore humblepie Report Abuse obamanomics spreads to china
bar1035 Champion Author Charlotte Posts:9,343 Points:1,325,920 Joined:Aug 2006	Message Posted: Dec 19, 2012 9:38:34 AM Ignore bar1035 Report Abuse Did they relocate China to North America?
wegman Champion Author Twin Cities Posts:7,940 Points:2,116,110 Joined:Jun 2001	Message Posted: Dec 19, 2012 9:18:00 AM Ignore wegman Report Abuse A pittance. I wish they were wasting MORE money on this nonsense. But Red China is so backwards with this stuff (they burn dirty coal in abundance) it might be cost effective for them.
8ballnd Champion Author North Dakota Posts:2,131 Points:288,675 Joined:Feb 2008	Message Posted: Dec 19, 2012 9:10:45 AM Ignore 8ballnd Report Abuse this is good news all countries should be doing this it will help clean up the world.
Rhino8of8 Champion Author Wisconsin Posts:1,341 Points:400,290 Joined:Jan 2012	Message Posted: Dec 19, 2012 9:01:52 AM Ignore Rhino8of8 Report Abuse Wow. Wonder if there is anything to learn from what they are doing.
Hangnail309 Champion Author Manitoba Posts:6,163 Points:1,704,860 Joined:Aug 2006	Message Posted: Dec 19, 2012 9:01:34 AM Ignore Hangnail309 Report Abuse will this affect gas or oil prices?
badbonita Champion Author Syracuse Posts:6,366 Points:1,381,410 Joined:Jul 2008	Message Posted: Dec 19, 2012 9:01:20 AM Ignore badbonita Report Abuse Not surprised that the Chinese would throw massive amounts of money at projects that most other countries would hesitate at.... wait, isn't that what Mr. Obama has our government doing....
357revo Champion Author Pittsburgh Posts:18,298 Points:2,412,285 Joined:Sep 2006	Message Posted: Dec 19, 2012 8:58:32 AM Ignore 357revo Report Abuse Since CO2 emissions are irrelevant, the Chinese spending this money on renewables can only damage their economy in a futile attempt to reduce CO2. The U.S. should back away from doing the same stupid thing.
bikechuck Champion Author Indianapolis Posts:7,153 Points:2,090,820 Joined:Apr 2006	Message Posted: Dec 19, 2012 8:58:24 AM Ignore bikechuck Report Abuse This seems to be an insignificant amount compared to the amount of subsidy spent by the US government in our country. China is reportedly the biggest polluter with many coal energy PRoducing plants, add that to the many cheap inferior PRoducts being PRoduced, and this is for PR at best.
EnviroChemist All-Star Author Oklahoma Posts:875 Points:237,560 Joined:Oct 2011	Message Posted: Dec 19, 2012 8:51:48 AM Ignore EnviroChemist Report Abuse Government monies, to employ the populous for the betterment of the country. Sounds familiar!
rockymountman Champion Author Roanoke Posts:2,044 Points:418,635 Joined:Jul 2011	Message Posted: Dec 19, 2012 8:51:07 AM Ignore rockymountman Report Abuse and this is important to me because....................