Zhong Guo Zheng Quan Bao·2026-02-01 20:53Group 1 - The trading volume of renewable energy green power certificates (green certificates) in China is expected to double in 2025 compared to 2024, with a total of 9.30 billion certificates traded [1] - The average trading price of green certificates issued in 2025 showed significant fluctuations, starting at 4.12 yuan in April, peaking at 8.10 yuan in August, and then dropping to 5.15 yuan by December [1] - The price of green certificates issued in 2024 remained above 2 yuan after April 2025, eventually falling to 1.12 yuan by December [1] Group 2 - The increase in green certificate trading activity and the rise in prices are driven by policy support and market supply-demand dynamics, as highlighted by the recent government policies aimed at promoting green electricity consumption [2] - Some companies, such as Inner Mongolia Energy Group, reported significant growth in green certificate issuance and sales, with over 800,000 certificates issued in 2025, representing a growth of over 330% from 2024 [3] - The green certificate market is expected to see increased demand and supply in 2026, with a focus on expanding the coverage of industries required to meet green electricity consumption targets [3] Group 3 - High energy-consuming enterprises are expected to face increased procurement costs for green certificates due to rising prices, which may pressure them in the short term but encourage long-term green transformation [3] - The active green certificate market is anticipated to provide stable market demand and revenue assurance for the development of renewable energy in China, facilitating the transition of high-energy-consuming industries [4] - The synergy between the green electricity consumption mechanism and the national carbon market is expected to create a dual incentive system for carbon pricing and green certificate trading, supporting the achievement of carbon neutrality goals [4]