绿证管理实施细则落地，超过有效期绿证将强制下架并核销

Core Viewpoint - The release of the "Implementation Rules for the Management of Renewable Energy Green Power Certificates (Trial)" by the National Energy Administration marks a significant step towards a more refined and standardized green certificate management system in China, enhancing its scientific and operational aspects [1][3]. Group 1: Implementation Details - The "Implementation Rules" provide a comprehensive operational guide covering responsibilities, account management, certificate issuance, transfer, cancellation, dispute resolution, information management, and supervision [1]. - The rules clarify the boundaries in core management areas, particularly regarding the classification, issuance targets, and standards for green certificates [4]. - The rules specify that green certificates will be issued for renewable energy projects such as wind, solar, biomass, geothermal, and marine energy, as well as for conventional hydropower plants that are fully market-oriented and commissioned after January 1, 2023 [4]. Group 2: Market Dynamics - Wind and solar power green certificates dominate the market, with wind power certificates reaching 347 million and solar power certificates at 332 million from January to November 2025, accounting for 47.7% and 45.5% of total transactions, respectively [5]. - The rules emphasize the importance of green certificates as the sole proof of green electricity consumption, especially as renewable energy consumption responsibilities are gradually allocated to key industries by 2026 [3][5]. Group 3: Storage and Self-Consumption Regulations - The rules clarify that independent storage facilities will not be issued green certificates for their discharge electricity, and that green certificates for renewable energy projects with storage must only cover renewable generation, excluding potentially non-green grid electricity [6][7]. - Self-consumed electricity will not be tradable for green certificates, but can be transferred to the consuming entity under specific conditions, ensuring alignment between certificate ownership and physical electricity consumption [7]. Group 4: Expiry and Rights Management - The rules mandate that green certificates exceeding their validity period will be forcibly delisted and canceled, with environmental rights belonging to the provincial administrative region determined by the certificate holder [7][8]. - This provision addresses a critical gap in the previous policy framework regarding the handling of unclaimed renewable energy environmental attributes, facilitating the development of residual mix consumption [8]. Group 5: Internationalization and Time Matching - The rules introduce provisions for managing accounts of foreign users exchanging renewable energy electricity with China, promoting international green electricity consumption [8]. - Starting January 1, 2026, green certificates must match the production year of the corresponding green electricity consumption, encouraging precise time matching for certificate usage [9]. - The focus on time matching precision is seen as a positive step towards more refined management of green certificates, aligning with international trends [10].