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Three months after its launch, China’s first “green energy certificate” trading scheme has raised only 5 million yuan (US$800,000) for the country’s cash-strapped renewable energy companies, who are owed 75 billion yuan in government subsidies.

Read more: http://www.scmp.com/business/commodities/article/2116131/why-chinas-costly-green-energy-certificate-has-not-helped-cash