Core Viewpoint - The event "China Green Certificate: Smooth Sailing in China, Moving Towards the World" marks a significant step for China's green certificate system, showcasing its development and international recognition, particularly in the Guangdong-Hong Kong-Macao Greater Bay Area [1][9][10]. Group 1: Market Development - The Guangdong-Hong Kong-Macao Greater Bay Area is recognized as a key driver for economic growth and a pioneer in cultivating the green certificate market, with expanding coverage and record trading volumes [2][3]. - The cumulative trading volume of green certificates in the Greater Bay Area reached 1,329 billion kilowatt-hours, with an average growth rate of 10 times, and is projected to reach 491 billion kilowatt-hours in 2024, marking an 11-fold year-on-year increase [3]. - The region's green electricity trading achieved a remarkable start in Q1 2025, with a trading volume of 780 billion kilowatt-hours, a 16-fold increase year-on-year, accounting for 39% of the national trading volume during the same period [3]. Group 2: Energy Supply and Consumption - The development of the green certificate market is supported by a robust supply of green energy, with the installed capacity of renewable energy in the Greater Bay Area exceeding 200 million kilowatts, making it the largest power source for the Southern Power Grid [4]. - The Southern Power Grid delivers over 2,000 billion kilowatt-hours of electricity to the Greater Bay Area annually, with non-fossil energy accounting for 55% of its total energy supply [4]. - The diversity of consumption participants in the green certificate market is notable, with over 3,000 entities involved in green electricity consumption in 2024, driven by energy-saving policies and the green transformation of supply chains [6]. Group 3: International Recognition and Impact - The global recognition of China's green certificate by the RE100 initiative is a pivotal moment, allowing both Chinese enterprises and international partners to confidently adopt green certificates for renewable energy procurement [9][10]. - This recognition enhances the competitiveness of Chinese enterprises in the global market, particularly in light of international carbon trade regulations, and supports their green transformation efforts [11]. - The comprehensive acknowledgment of China's green certificate system signifies its alignment with international standards and its emerging global status [10]. Group 4: Future Directions - The green certificate market is transitioning to a new phase focused on high-quality development driven by demand, with a dual mechanism of mandatory and voluntary consumption to stimulate market vitality [12]. - Green certificates are evolving from mere proof of green electricity consumption to essential tools for corporate green transformation and carbon reduction [12]. - The successful implementation of the green certificate system in the Greater Bay Area serves as a replicable model for broader market development, contributing to global sustainable development efforts [14].
中国绿证：畅行中国 走向世界
Zhong Guo Dian Li Bao·2025-05-15 00:55