Watching the World: Here comes the sun

China’s new “Law on Renewable Resources,” implemented on Jan. 1, is expected to open up a huge market in the country for renewable solar energy and boost development of its solar power industry.The law, approved by the National People’s Congress Standing Committee in February 2005, encourages “all units and persons” to use solar energy-based generation systems.Sources from the State Development and Reform Commission even say the Chinese government is working on “preferential policies” to ease energy supply bottlenecks and to make renewable energy a major substitute for coal, oil, and natural gas.Good day sunshineEconomic observers predict th...

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