By Mark Schaub, Partner, Corporate, King & Wood Shanghai

China’s first Renewable Energy Law came into effect on 1st January 2006 and serves as a basis to meet goals like reducing air pollution; protecting human health and the environment; strengthening and developing energy supply to rural areas; promoting investment and development of renewable energy; etc. The PRC Renewable Energy Law is also a framework for various provincial government agencies and local authorities which implement the law in a large number of more detailed plans, rules and regulations. After four years of rapid change and expansion of China’s renewable energy sector, the Standing Committee of the National’s People’s Congress passed amendments to the Renewable Energy Law in December 2009, which now came into effect on 1 April 2010.

 

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By Andrew Tan, Partner, Corporate, King & Wood–Hong Kong

The Hong Kong Environmental Protection Department (EPD) announced on 1 December 2009 that the Supplementary Notes on the Implementation of Projects under the Clean Development Mechanism (CDM) by Hong Kong enterprises on the Mainland have been released by both the Central and the HKSAR Governments. These notes open up new opportunities for Hong Kong companies (as well as others through companies in Hong Kong) to participate in CDM projects in mainland China.

Continue Reading New Investment Opportunities for Foreign Companies in Sustainable Projects in China

By: Andrew Tan, a Partner Arculli Fong & Ng (in association with King & Wood, PRC Lawyers)

1.Introduction

On 6 June 2008, the Government of the Hong Kong Special Administrative Region (the “HKSAR”) announced the “Arrangements for the Implementation of Clean Development Mechanism (“CDM”) Projects in the Hong Kong Special Administrative Region” (the “Implementation Arrangements”). The Implementation Arrangements have been developed following consultations between the National Development and Reform Commission (“NDRC”) of China and the Environment Protection Department (“EPD”) of the HKSAR. The Implementation Arrangements sets out the specific procedures for Hong Kong companies to conduct CDM projects in Hong Kong…

Continue Reading Renewable Projects in Hong Kong may Lead to Additional Reward?