The withdrawal of China’s renewable energy subsidies will have an impact on the battle against climate change.1 min read
The decision by China to eliminate subsidies for renewable energy instruments would discourage the deployment of greener energy sources. The usage of fossil fuel-derived energy has been a key contributor to climate change. By 2060, China’s 14th five-year plan aspires to be carbon neutral. China, the world’s top producer of greenhouse gases, is also the world’s largest energy consumer, and the country’s rising population is placing pressure on Beijing to change its plans to meet the country’s ever-increasing energy demands.