Policy Insights - China and the EU reaffirmed their commitment to strengthen cooperation on climate change, emphasizing the importance of the Paris Agreement and the principle of "common but differentiated responsibilities" [4] - The joint statement outlines seven cooperation directions, including the implementation of climate agreement goals, support for the 2025 COP30 conference, and acceleration of renewable energy deployment [4] Local Developments - Three major provinces in China (Zhejiang, Henan, Guangdong) are piloting the issuance of green certificates for distributed renewable energy projects, aiming to establish a framework for nationwide implementation [5] - The pilot program focuses on project registration, measurement management, and data collection, which are crucial for enhancing the green value of renewable energy enterprises [5] Industry Practices - The national carbon market in China has been operational for four years, with a cumulative trading volume exceeding 670 million tons and a transaction value of 46 billion yuan, indicating a healthy and orderly market development [7] - The market is set to expand in 2025 to include high-carbon industries such as steel, cement, and aluminum, which are also affected by the EU's carbon border adjustment mechanism [7][8] - Companies are urged to enhance green electricity applications and conduct comprehensive carbon footprint assessments to improve competitiveness in response to international trade rules [8]
中欧加强应对气候变化合作;三省试点分布式绿证核发