China's solar curb
Beijing's move to curtail solar power subsidies is far from terminal for the global market.
China's suspension of approval for new subsidised grid-scale photovoltaic (PV) solar projects has led to sharply reduced forecasts for global capacity expansion in 2018. But the longer-term outlook for the sector still looks buoyant, as costs continue to fall. The government's decision, at the end of May, came into effect in June and effectively means only projects subject to competitive bidding will be sanctioned in 2018, while feed-in tariffs have also been cut. The rationale for the move is familiar, echoing similar moves in Spain and Germany, the countries that led the solar drive in Europe. A combination of attractive subsidies and falling installation costs led to more projects being b
Also in this section
29 April 2024
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
29 April 2024
Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term