Is China Putting the Brakes on Its Solar Program?

Despite the fact that China led the world in clean energy investments last year, the Chinese government is now backing away from ambitious plans to plant megawatts of solar in the country.

Concerned by the high cost of solar – which can be four times more expensive than fossil fuels – and fears that solar power won’t deliver on some of the anticipated goals, the Chinese government is not about to subsidize solar power on a national level, Shi Lishan, deputy director in China’s energy bureau, said in an interview with Guangzhou’s 21st Century CBH.com earlier this month.