To improve the regulation of green certificate issuance and management, China’s National Energy Administration (NEA) has released a draft of the Interim Measures for the Issuance of Renewable Energy Green Power Certificates for public consultation. Feedback is being accepted through April 30.
Source: Science and Technology Daily
To improve the regulation of green certificate issuance and management, China’s National Energy Administration (NEA) has released a draft of the Interim Measures for the Issuance of Renewable Energy Green Power Certificates for public consultation. Feedback is being accepted through April 30.
At a recent press briefing on the green certificate system, Chen Tao, Director of the NEA’s Power Business Qualification Management Center (referred to as the NEA Qualification Center), said that since the system was officially launched in 2017, the NEA—along with the National Development and Reform Commission, the Ministry of Finance, and the National Bureau of Statistics—has issued a series of policy measures to strengthen and expand the program. These include piloting certificate issuance and voluntary trading schemes, widening eligibility criteria, and promoting green power transactions.
Together, these efforts have helped establish a closed-loop management framework that now covers the full lifecycle of green certificates—from registration and issuance to trading, application, and cancellation—forming a relatively robust policy system.
In 2024, 4.734 billion green certificates were issued nationwide, representing a 28.36-fold increase year-on-year. Of these, 3.158 billion were tradable. As of the end of December 2024, China had issued a cumulative total of 4.955 billion green certificates, including 3.379 billion that could be traded on the market.
According to the draft guidelines, the measures will apply to green certificates issued for electricity generated from renewable sources within China, including wind, solar, conventional hydropower, biomass, geothermal, and marine energy.
The draft lays out a centralized system for managing the issuance, transfer, and cancellation of green certificates, overseen by the NEA. The NEA Qualification Center will organize the issuance process based on data submitted by power grid companies and electricity trading platforms, which will be cross-verified with information provided by power producers or project owners. Certificates will then be issued directly to eligible power generators.
Under the draft rules, the national green certificate issuance and trading platform will issue one green certificate for every 1,000 kilowatt-hours of renewable electricity generated. Any shortfall below this threshold in a given month will be carried forward to the next month.
Reproduced article do not represent the position of New Energy Era.