China’s Renewable Portfolio Standard: What is it and what does it mean for the corporate renewable energy transition?

In Part 2 of our white paper series 'Navigating the Renewable Energy Market in China', we focus on the 'Renewable Portfolio Standard (RPS) Target', a market mechanism which underpins China's carbon reduction targets. The RPS is an evolving legislation created to steer entities towards consuming renewable energy and increasing demand to drive new generation. We look at the target in detail and consider the interactions between impacted entities and how this might affect the corporate renewable energy transition.