Tag: Alternative energy

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China Promises Solar Power Subsidies in Effort to Develop Clean Energy Industry

The sun is big news in China today. From the Los Angeles Times: China’s government says it will pay up to 70 percent of the price of new solar power systems in an effort to speed development of clean energy industries. The Finance Ministry’s announcement Tuesday comes as Beijing tries to reduce China’s surging demand for imported oil and gas and create companies that cash in on growing global demand for clean energy technology. The subsidies are meant to develop