Interim Measures on the Management of special funds for renewable energy development were released
The Ministry of Finance today issued the Interim Measures on the Management of Special Funds for Renewable Energy Development, to standardize and strengthen the management of special funds for renewable energy development and improve the efficiency of the use of funds.
The term "special fund for the development of renewable energy" refers to the special fund allocated through the central fiscal budget to support the development and utilization of renewable energy and new energy. The Interim Measures require special funds for renewable energy development to be earmarked and managed.
The Interim Measures specify the key support scope of the special fund for renewable energy development: demonstration, popularization and industrialization demonstration of key technologies of renewable energy and new energy; Large-scale development and utilization of renewable energy and new energy and capacity building; Public platforms for renewable energy and new energy; Demonstration of comprehensive application of renewable energy and new energy; Other relevant matters approved by the State Council. The special funds for renewable energy development shall be supported by incentives, subsidies and interest discounts in accordance with the project tasks and characteristics, and shall be allocated to local governments or included in the budgets of central departments.
