Wei reiterated the commitment of the NEA to accelerate the development of green electricity certificate trading markets, promote the coordination between green electricity certificates and carbon trading markets
Last month, 53.1 million GECs were traded nationwide. Cumulatively, 606.06 million GECs had been traded by the end of January. China introduced the green certificate system as a pilot program in 2017. In December 2023, the NEA issued the first batch of GECs after being designated as the autho...
China introduced the GEC system as a pilot program in 2017. In December 2023, the NEA issued the first batch of GECs after being designated as the authority responsible for green electricity certificate management. By the end of January, China had cumulatively issued 5.19 billion green electricit...
China introduced the GEC system as a pilot program in 2017. In December 2023, the NEA issued the first batch of GECs after being designated as the authority responsible for green electricity certificate management. By the end ...
A guideline to set up an efficient system promoting green energy consumption has been issued in China, with the goal of developing the renewable energy sector and the green electricity certificate (GEC) market. The GEC is the only recognized credential required to produce and consume renewable ene...
Buyers of green electricity will also obtain a green certificate as proof. Each government-issued certificate represents 1,000 kWh of electricity generated from renewable energy. Green electricity and certificate trading offer enterprises opportunities to achieve energy conservation and emission reduction targ...
The first batch of 1,900 cross-boundary green electricity trade certificates was issued in south China’s Hainan Province on Wednesday, marking a milestone between the Chinese mainland and Hong Kong and Macao administrative regions. Green electricity certificate is a form of electronic identification ...
No, according to the Renewable Energy Notice, the corresponding electricity used for the application of GECs cannot be used for the application of other certificates of the same attribute in the power field. According to the Renew...
The green electricity certificates will serve as a fundamental proof of the consumption of renewable energy in China, while State-owned enterprises, top industrial firms and trade-reliant companies should take the lead in increasing their green electricity consumption and green electricity certificate proc...
Practically, China's green electricity trading has made significant progress but still encounters challenges, such as insufficient operational mechanisms, technical barriers to grid integration, and obstacles in international green certificate trading. Based on the findings, targeted recommendations include ...