The issuance and trading volume of green certificates in China have significantly increased, and the promotion speed of green electricity has significantly accelerated
CCTV News: Green certificates are the only proof of the environmental attributes of renewable energy electricity in China, and tradable green certificates can be transferred for a fee between power generation enterprises and users by participating in green certificate green electricity trading and other means. The reporter learned from the National Energy Administration that since the beginning of this year, the issuance and trading volume of green certificates in China have significantly increased, and the promotion speed of green electricity in China has significantly accelerated.
From the issuance of green power certificates, in the first seven months of this year, the number of green certificates issued in China reached about 53.04 million, which is about 2.6 times that of the whole year of 2022. As of the end of July, the total number of green certificates issued in China has exceeded 120 million.
From the perspective of green certificate trading volume, the domestic green certificate trading volume in the first seven months of this year was about 26.17 million, far exceeding the annual green certificate trading volume in 2022.
From the perspective of trading regions, as of the end of July, Hebei, Jilin, and Jiangsu ranked among the top three provinces in China in terms of cumulative green certificate trading volume, with each province having over 3 million green certificate trading volumes, accounting for 40% of the total domestic trading volume. In Suzhou, a major electricity consuming city in Jiangsu Province, since 2022, the city has cumulatively traded 1.304 billion kilowatt hours of green electricity and 196700 green certificates, accounting for nearly one-fifth of the total transaction volume in the province.
![The issuance and trading volume of green certificates in China have significantly increased, and the promotion speed of green electricity has significantly accelerated](https://a5qu.com/upload/images/f31579fe3272e09bb4f9be27d163f518.png)
Wang Yichen, Deputy Director of the Marketing Department of State Grid Suzhou Power Supply Company: Through this cross provincial and cross regional green electricity green certificate transaction, it not only meets the demand for green electricity energy, but also promotes the development of the photovoltaic industry in northern China. It has a positive demonstration and leading role in coordinating national energy resources and assisting in the implementation of "dual carbon".
The so-called green certificate refers to the renewable energy green electricity certificate, which is the only certificate for recognizing the production and consumption of green electricity. One green certificate corresponds to 1000 kWh of renewable energy electricity. Not long ago, China issued a policy to achieve full coverage of renewable energy issuance and trading, including wind power, solar power generation, conventional hydropower, and biomass power generation, through green certificates.