On August 2, 2024, China’s National Development and Reform Commission (NDRC) and National Energy Administration (NEA) jointly released updated requirements for what percentage of energy provinces will need to source from renewable generators in 2024 and 2025. The requirements are a part of China’s renewable energy consumption guarantee mechanism and mandate a significant increase in the share of renewable energy in a number of provinces, as well as enumerating tentative renewable energy consumption targets for 2025.
China’s renewable energy consumption guarantee mechanism was introduced in 2021 as a way to increase domestic renewable energy consumption. The mechanism is very similar to a “Renewable Portfolio Standard,” a policy favored by Western governments including the United States and the EU.
The renewable energy consumption guarantee mechanism sets two targets: one for total renewable energy consumption and one…
