The latest revision of China's Renewable Energy Law was formally put into force on April 1, 2010.
Compared with the old version which was promulgated in February 2005, the new Renewable Energy Law has two highlights: it states that the central government has full powers over the acquisition of renewable energy power generation programs, and it empowers the central government's finance department to set up a renewable energy development fund.
However, Li Junfeng, the deputy director of the Energy Research Institute of the National Development and Reform Commission, has disclosed that the detailed rules on the implementation of the new law will not be published for another six months.
The Energy Research Institute of the NDRC was one of the drafters of the revised Renewable Energy Law.
