China is considering imposing fines equivalent to five to 10 times the cost of green electricity certificates needed to cover any shortfall on entities that fail to meet mandatory renewable electricity consumption targets, according to a draft revision to the Renewable Energy Law submitted to the Standing Committee of the National People's Congress, the top legislature, for a first reading on Monday.
The top legislature on Monday began deliberating a draft amendment to the Law on Renewable Energy that would strengthen the management of renewable energy development and construction.