China Reduces Biomass Power Subsidy, an Industrial Info Market Brief

China's Ministry of Finance has released the central financial budget for 2020, which includes a reduction in the nation's the biomass power subsidy. However, the biomass power implementation rate is expected to improve for the waste incineration industry. Industrial Info is tracking nearly 230 biomass projects in China worth about $11 billion, including grassroot projects worth more than $8 billion.