Green Dragon
This is how a centrally planned (ha!) economy does it:
“Interest rates as low as 2 percent for bank loans — the result of a savings rate of 40 percent and a government policy of steering loans to renewable energy”
“The Chinese government charges a renewable energy fee to all electricity users. The fee increases residential electricity bills by 0.25 percent to 0.4 percent. For industrial users of electricity, the fee doubled in November to roughly 0.8 percent of the electricity bill. ”
“The fee revenue goes to companies that operate the electricity grid, to make up the cost difference between renewable energy and coal-fired power.”
“Under legislation passed by the Chinese legislature on Dec. 26, a grid operator that does not connect a renewable energy operation to the grid must pay that operation twice the value of the electricity that cannot be distributed.”
Read all about it:China eats your green lunch
