Green Certificate Market High-Quality Development Policy Launch Conference was held in Shenzhen on May 13, 2025. The conference aimed to promote high-quality development policies in the green certificate market.
On May 12, 2025, the National Energy Administration held the launch conference in Shenzhen, discussing the green certificate policy and its implementation. The conference featured speeches from relevant officials and industry experts.
The green certificate serves as a “certification” for renewable energy sources, focusing on energy transition, corporate social responsibility, and compliance with national trading standards. It also highlights the importance of promoting high-quality development in the renewable energy sector and encourages enterprises to adopt green practices.
In recent years, the green certificate regulation has accelerated, with the establishment of a comprehensive system for monitoring and managing green certificates. By the end of March 2025, the country is expected to have distributed 7.53 billion certificates, which will reflect a 4.5 times increase compared to the previous period.
It is noted that 80% of the entities in the green certificate market come from renewable energy producers and energy trading companies, with support from 34 provincial-level administrative regions. The demand for green electricity certificates is anticipated to remain strong, with projections indicating that by April 2025, there will be approximately 270 million certificates purchased by local entities.
The conference emphasized that the National Energy Administration and the State Grid Corporation would continue to strengthen their responsibilities in the green certificate market, ensuring effective regulation and encouraging new energy projects. This includes enhancing cooperation among various stakeholders to promote sustainable development and innovation in the renewable energy sector.
As the green certificate market evolves, it is crucial for all parties to collaborate and share resources. The government will further streamline policies related to green energy and enhance information management to ensure the efficient functioning of the market. The transition to a greener economy requires collective efforts from both public and private sectors to establish a robust green certificate system.
In summary, the launch conference highlighted the commitment to advancing the green certificate market, aiming for high-quality development in the renewable energy sector, and reinforcing the role of various stakeholders in promoting sustainability.
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