National Fiscal Subsidy Adjusted: WTE Project Will No Longer be Double Subsidized

Date: Nov 20, 2019Times visited: 113

The Ministry of Finance recently posted a reply on its website to a proposal made by Wang Yi, a deputy to the National People's Congress, at this year's two sessions to ensure the healthy and stable development of the waste disposal industry.According to the reply from the Ministry of Finance, insiders have sorted out major changes in the garbage power generation industry in the future: 1. The policy of continuing to enjoy the double subsidy of electricity price subsidy and garbage disposal subsidy will be adjusted; 2.Second, first of all, electricity price subsidies will be adjusted, whether to completely eliminate or reduce depends on the grid;Third, the garbage disposal fee will be increased, which will be dominated by the local market.