China adjusts its inflated renewable energy subsidies
by Zhaoyang Liu
The Chinese government is lowering its subsidies for renewable energy, after researchers found that they were too high relative to the rapidly dropping global
price of wind and solar technologies. The result of inflated Chinese subsidies for windand solar-generated power was that funding was being diverted by the central government from competing needs, such as education and healthcare, while also creating an economic climate that discouraged domestic technology innovations.