山东成立全国首个省级绿证交易服务中心，首日达成购买意向718万张

Core Viewpoint - Shandong has established the first provincial-level green certificate trading service center in China, achieving a purchase intention of 7.18 million certificates on its first day, enhancing the visibility and value of green electricity [1][4]. Group 1: Green Certificate System - The green certificate system serves as an important mechanism for promoting renewable energy, having been implemented in over 20 countries for more than 20 years. China began trialing the system in 2017 and achieved full coverage in 2023 [3]. - A green certificate represents 1,000 kilowatt-hours of renewable energy and includes key information such as generation time, location, technology type, and a unique blockchain code for traceability [3]. Group 2: Market Dynamics - The trading of green certificates is essentially a transaction of the environmental attributes behind green electricity, which can enhance product competitiveness in international markets [4]. - From January to August this year, 464 million green certificates were traded nationwide, a year-on-year increase of 120%. The average price of green certificates has risen by 140% compared to the beginning of the year [4]. Group 3: Trading Mechanism - The "certificate-electricity separation" model introduced by Shandong's trading service center allows for independent trading of green certificates, overcoming previous limitations of physical electricity trading [5]. - This new model provides a convenient trading channel for local enterprises, allowing them to sell green certificates separately from electricity, thus creating an additional revenue stream [5]. Group 4: Regional Collaboration - The green certificate trading scope has expanded in the Yellow River basin, with nine provinces signing a memorandum to enhance cooperation in data sharing and market interconnectivity [7]. - As of August this year, 188 million green certificates were sold in the Yellow River basin, accounting for 41% of the national total [7]. Group 5: Future Outlook - The future of green certificate trading is being driven by strong policy constraints and international recognition, with mandatory consumption mechanisms being established for various high-energy industries [8]. - The international RE100 initiative has recognized Chinese green certificates, significantly increasing their value and encouraging foreign enterprises to purchase them [9].