China Issues Paper to Enhance Green Electricity Certificate (GEC)
On 18th March 2025, the Chinese government issued the “Opinions on Promoting the High-quality Development of the Renewable Energy Green Electricity Certificate Market”. The document put forward the goals for the establishment of the Green Electricity Certificate market, and steps to accelerate the establishment of a green energy consumption promotion mechanism. The document also provided […]
China Issues Updated Guidance on GEC and Carbon Markets
China’s National Energy Administration issued a Guidance to strengthen the coordinated promotion of energy security and green and low-carbon transformation, as well as promote the upgrading of the energy ecosystem through systematic reform and technological innovation. Key points of the Guidance Green Electricity Certificates (GECs) to be market drivers instead of policy tools The GEC […]
Green Electricity Certificates (GEC) Market News for March 2025
Qingdao Chengtou to Supply GECs to China Resources Group Qingdao Chengtou New Energy Group has announced that it successfully won a bid to sell 74,565 Green Electricity Certificates (GECs) to the China Resources Group. The GECs were delivered on 13 March 2025. This transaction is the first market-oriented GEC sale the company, marking an important […]
Incorporating GECs into Product Carbon Footprint Calculation
This article shares suggestions, by Liu Hanyuan, vice chairman of the All-China Federation of Industry and Commerce, and chairman of the board of directors of Tongwei Group, on incorporating Green Electricity Certificates (GECs) into the calculation of product carbon footprint. Background Meeting sustainability requirements will enable enterprises to become more competitive, and in particular, the […]
Preventing Duplication of GEC Environmental Attributes
On September 5, 2024, the National Energy Administration (NEA) officially issued a notice on the Rules for the Issuance and Trading of Green Electricity Certificates (GECs) for Renewable Energy, emphasising the status of GECs as “the only proof of environmental attributes of renewable energy” and “the only certificate for the production and consumption of renewable […]
The Potential Impact of Linking the Carbon Trading, Green Electricity and Green Electricity Certificate (GEC) Markets
The linking of the carbon trading, green electricity and Green Electricity Certificate (GEC) markets (electricity-carbon-certificate) will drive the low-carbon transformation of enterprises. With increasing national support for renewable energy and the continuous improvement of the carbon market, more and more businesses will participate in this system. By purchasing green electricity, participating in carbon trading, and […]
Future of China’s Green Electricity Certificate (GEC)
[The following is a commentary by Chnergy Institution] With the acceleration of the global green energy transition, Renewable Energy Certificates (RECs) have become a core tool for countries to promote the development of renewable energy and promote carbon emission reduction. In China, the Green Electricity Certificate (GEC or green certificate) is the only certificate for […]
Enhancing Coordination Between Electricity and Carbon Markets in China
[This following commentary is by China Electric Power Enterprise Federation] Current situation of carbon and electricity markets At present, the national carbon market is in the initial stage of construction, and the electricity market is in the process of deepening reform. China has issued policies to promote the coordinated development of the carbon and electricity […]
GEC Issuance and Trading Update (January 2025)
China’s National Energy Administration (NEA) released data on Green Electricity Certificate (GEC) issuance and trading for January 2025. GEC Issuance Figures Monthly (Jan 2025):• A total of 231 million GECs issued in the month, a year-on-year increase of 2.25 times.• A total of 150 million GECs, or around 65%, were tradable• GECs were issued for […]
Green Electricity Certificate vs Carbon Trading Schemes in China
The Green Electricity Certificate (GEC) scheme and China Certified Emissions Reduction (CCER) scheme are market-based means to promote China’s green development. What is the difference between the two schemes? Why do we need to connect the two? How will these measures help China achieve the goals of peak carbon and carbon neutrality? To this end, […]
