China Shines Light on New Energy
中国新能源的新天地
February 24, 2018 | BY
Susan MokJihong Wang of Zhong Lun Law Firm discusses the impact of the environmental protection laws on corporate compliance, China's power grid and renewable resources reforms, and foreign investment opportunities in the clean energy markets 中伦律师事务所的王霁虹律师讨论了环境保护法对企业合规的影响、中国电网和再生能源的改革以及外国投资者在清洁能源市场的商机
1. What are the biggest compliance challenges for companies amid the Chinese government's strengthening priorities for environmental protection?
The legislative, judicial and enforcement developments in environmental protection in recent years have imposed greater obligations on enterprises in China. Especially after the implementation of the revised PRC Environmental Protection Law in January 2015, which introduced a number of new environmental protection systems, the cost of compliance has significantly increased, as has the severity of relevant administrative penalties. The new Environmental Protection Law has been dubbed “the most strict environmental protection law in China's history.”
The Supreme People's Court's Interpretation on Several Issues Concerning the Application of the Law in the Trial of Environmental Civil Public Interest Lawsuits (Draft for Comments) also encourages public interest organizations to actively initiate litigation. Public interest litigation has heightened the consequences of environmental breaches due to the high compensation that has been imposed on enterprises.
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