China has implemented it’s first nationwide solar incentive scheme as part of it’s efforts to increase industry growth. China dominates the solar panel industry and this could help it to gain even more control over it.
Whenever there are new or growing industries, such as the photovoltaic one, there is always a race to take over that industry before another does, because once one is “in control” of it, it is very difficult to take it over.
This new solar power implementation also supports the country’s latest five-year plan and ambitious solar power targets, and its massive clean energy building plan (unveiled in March) which includes the goal of obtaining 20 per cent of its energy from non-fossil fueled generators.
China’s population and energy demand has been exploding at a drastic rate, and it is difficult for the country to keep up with that demand, especially due to the rising cost of fossil fuels. Also, keep in mind that increased energy demand equals increased fossil fuel demand, which, in turn, results in increased fossil fuel prices.
China’s exploding population also complicates the process of managing it’s carbon dioxide, carbon monoxide, sulfur dioxide, and other emissions. So, the fact that it is trying to drive solar power and other clean energy options as much as possible is no surprise.
From another point of view: Countries around the world are under increasing pressure to decrease, or even cap, their rising carbon dioxide emissions to combat global warming, and point fingers at each other when they meet to discuss that. They need to do something to show that they are trying to reduce their emissions. China can use this as an example of a major emissions reduction effort at the next climate change meeting.
Industry insiders hope that this scheme has a similar impact as the wind energy feed-in tariffs that were introduced by the Chinese government in 2009. Those sparked a boom in wind farm construction that has helped make China the #1 wind power producer in the world.
h/t Business Green
Image via pixor
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