China launches pilot direct trading of green power

In this undated photo, workers check photovoltaic panels of a solar power project in Hai'an city, Jiangsu province. - China Daily

BEIJING (China Daily/Asia News Network): In a move to further boost renewable energy development, China launched on Tuesday (Sept 7) pilot direct trading of green power between corporate consumers and renewable energy generators, according to the National Development and Reform Commission.

To realise its climate targets, China needs to accelerate the construction of a power system dominated by renewable energy.