China Introduces New Guidelines for Clean Energy Fund Management
China’s finance ministry has issued new guidelines for managing special funds for clean energy, effective from 2025 to 2029. These guidelines support renewable energy development and clean fossil fuel usage, replacing temporary regulations that were set to expire in 2024.
The finance ministry of China has recently unveiled new guidelines aimed at overseeing the management of special funds dedicated to clean energy initiatives. These guidelines are designed to promote the development of renewable energy and the efficient utilization of fossil fuels from the year 2025 until 2029, with the potential for continuance beyond this period. The new directives are intended to supersede the temporary regulations that were established in 2020, which are set to expire in 2024.
The newly issued guidelines by China’s finance ministry signify a strategic shift towards supporting clean energy development over the next several years. By replacing outdated regulations, the government aims to ensure a more effective management of funds designated for renewable energy and clean fossil fuel utilization.
Original Source: www.tradingview.com
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