媒体报道丨2025年全国累计交易绿证9.3亿个，全年交易量超过历年总和

Core Viewpoint - The development of green certificates (绿证) in China is expected to achieve significant growth by 2025, with a projected cumulative transaction of 930 million certificates, representing a year-on-year increase of 120% and surpassing the total transaction volume of previous years [2][3]. Group 1: Market Development - In 2025, China's green certificate market is anticipated to undergo a leap forward, driven by improvements in market design and a combination of mandatory and voluntary consumption mechanisms [3]. - The National Energy Administration (NEA) has implemented specific measures to enhance the green certificate market, including the issuance of guidelines for high-quality market development and the establishment of consumption ratio requirements for key industries [3][5]. - The number of entities participating in green certificate trading reached 111,000, an increase of 87.5% year-on-year, with high-energy-consuming and high-tech enterprises being the main consumers [3]. Group 2: Trading Dynamics - The trading scale of green certificates is expanding, with a cumulative transaction of 930 million certificates expected by 2025, marking a 120% increase compared to the previous year [3]. - The average trading price of green certificates stabilized and rebounded, reaching approximately 4.14 yuan per certificate in the second half of 2025, a 90% increase from the first half [4]. Group 3: International Cooperation - Significant progress has been made in promoting China's green certificates internationally, with the RE100 initiative recognizing Chinese green certificates and their debut at COP30 receiving positive feedback [4]. - The NEA plans to strengthen international cooperation on green certificates, aiming to align Chinese standards with international certification systems and enhance global awareness of China's green certificate initiatives [4]. Group 4: Regulatory Framework - The NEA is working on a new implementation plan for renewable energy consumption targets, which will set minimum consumption ratios for key energy-consuming industries [5]. - This plan is currently undergoing the necessary procedural steps and aims to expand the assessment scope for key industries in line with national energy-saving and carbon reduction policies [5].