Core Insights - The green certificate market has shown significant growth in both volume and price, with a trading scale of 5.29 billion certificates from January to September, representing a year-on-year increase of 110% [1] - The average trading price of green certificates reached 5.06 yuan per certificate in the third quarter, marking a 210% increase compared to the first quarter [1] Market Dynamics - The increase in trading activity and prices is attributed to the continuous improvement of market mechanisms, including the introduction of long-term green power purchase agreements (PPAs), which have exceeded 30 billion kilowatt-hours in trading volume [1] - The demand for green certificates is expanding, driven by the implementation of energy laws and the promotion of minimum renewable energy consumption targets [1] International Recognition and Future Plans - The international recognition of Chinese green certificates has improved, with initiatives like "China Green Certificate: Smoothly Connecting China to the World" enhancing visibility in regions such as the Greater Bay Area and Yangtze River Delta [2] - The National Energy Administration plans to focus on cultivating demand for green certificates and promoting high-quality market development, including revising regulations and expanding application scenarios [2]

Core Points - The article discusses the public consultation for the draft implementation measures of the minimum proportion target for renewable energy consumption and the responsibility weight system for renewable energy power consumption [2][3] - The initiative aims to promote high-quality development of renewable energy and support the achievement of carbon peak and carbon neutrality goals [2] Group 1 - The National Development and Reform Commission (NDRC) is seeking public opinions on the draft measures [2] - The consultation is part of the implementation of the Energy Law of the People's Republic of China [2] - The deadline for feedback is set for November 12, 2025 [3]