China to Set Up Special Fund for Renewable Energy

Beijing, China [Asia Pulse Pte Ltd] China’s Ministry of Finance (MOF) and State Development and Reform Commission (SDRC) are in talks to establish a special fund for the development of renewable energy, the China Securities Journal reported on Tuesday. Citing anonymous sources with China’s Wind Power Association, the Beijing-based newspaper said the fund would speed up the development of renewable energy resources, although the size of the fund was unavailable. … Vice Minister of Finance Zhu Zhigang was quoted as saying that China would “greatly support” research into and development of biological, solar and wind energy.
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