7月31日，国家能源局举行例行新闻发布会，介绍上半年全国能源形势、上半年可再生能源并网运行、 迎峰度夏电力保供等有关情况，同时发布了《中国新型储能发展报告（2025）》。 近期绿证的社会关注度越来越高，上半年中国绿证市场的情况如何？ 另外，近年来我国分布式能源快速发展，用能企业通过分布式自发自用方式满足绿色用能需求趋势明 显，国家能源局在分布式发电项目绿证核发方面有哪些举措？对此，《每日经济新闻》记者进行了现场 提问。 国家能源局新能源和可再生能源司副司长潘慧敏回答《每日经济新闻》记者上述问题时表示，我国绿证 交易价格逐步回归合理。2025年绿证上半年均价5元/个，6月份均价达到6.5元/个，较今年最低价增长 4.4倍，可再生能源绿色电力环境价值逐步回归合理。 稳步推进绿证强制消费 潘慧敏回答《每日经济新闻》记者提问时表示，今年上半年，国家能源局从供需两端持续发力，通过一 系列举措推动绿证市场高质量发展。 在供给端，国家能源局继续深化绿证核发全覆盖，完善电量归集报送机制，加强国家绿证核发交易系统 技术支撑，不断提升绿证核发效率和质量。健全绿证全生命周期闭环管理，实现绿证核销机制落地，进 一步强化绿证的权威性和 ...

Core Viewpoint - The green certificate (绿证) system in China has rapidly developed, becoming a crucial mechanism for renewable energy identification and consumption, with significant growth in issuance and trading volumes, but still facing challenges in demand stimulation and market balance [1][2][3]. Summary by Sections Green Certificate Issuance and Trading - As of December 2024, China has issued a total of 4.955 billion green certificates, representing a year-on-year increase of 21.45 times, with 3.379 billion being tradable [2][3]. - The total trading volume of green certificates reached 553 million, marking a year-on-year increase of 4.19 times, but only about 10% of the issued certificates were traded [2][3]. Demand Stimulation and Policy Implementation - The National Energy Administration emphasizes the need to accelerate market cultivation and stimulate demand for green certificates, particularly through mandatory consumption policies in high-energy-consuming industries like steel and petrochemicals [2][3]. - The implementation of mandatory green certificate consumption will increase compliance costs for companies in the short term but is expected to drive long-term green transformation [3][4]. Long-term Implications for Industries - The policy is anticipated to push industries towards green transformation, enhancing energy efficiency through technologies like distributed solar and energy storage systems [4]. - Companies failing to meet green consumption standards may face production limitations, creating a dual constraint mechanism that promotes technological upgrades and green supply chain development [4]. Policy Coordination and Market Development - Effective policy coordination is essential for overcoming challenges in green certificate application, with a focus on establishing a comprehensive standard system and improving the management of green certificates [5][6]. - The integration of green electricity consumption information into ESG reporting for listed companies is expected to enhance transparency and align with international disclosure requirements [7][8]. International Recognition and Market Expansion - The unconditional recognition of China's green certificates by the RE100 initiative signifies a major achievement, enhancing the credibility and attractiveness of Chinese green certificates in international markets [9][10]. - This recognition is likely to increase the willingness of both domestic and foreign companies to purchase Chinese green certificates, thereby boosting demand and enhancing the green competitiveness of Chinese exports [10][11].

Investment Rating - The report maintains a positive investment outlook for the renewable energy sector, particularly in solar and wind energy, highlighting strong demand and growth potential in both domestic and international markets [4][9][39]. Core Insights - The domestic solar installation in January-February 2025 reached 39.5GW, with an expected annual increase of 28% in total installations for 2024 [4][5][9]. - Global solar installation is projected to reach between 531GW and 583GW in 2025, with optimistic growth estimates of over 10% [28][39]. - The supply chain is showing signs of recovery, with prices stabilizing and a slight rebound in production across various segments, including polysilicon and solar modules [41][49]. Summary by Sections Domestic Market - In the first two months of 2025, China added 39.5GW of solar capacity, maintaining stable growth, with a total expected installation of 215-255GW for the year [4][6][9]. - The National Development and Reform Commission and the National Energy Administration have initiated reforms to enhance market-driven pricing for renewable energy [10][15]. International Market - The global demand for solar energy is steadily increasing, with significant installation plans emerging in regions like Latin America and the Middle East [18][28]. - In January 2025, India reported a substantial increase in solar installations, with a total capacity exceeding 100GW [31][34]. Supply Chain Dynamics - The polysilicon production in February 2025 was approximately 9.23 million tons, showing a slight decrease but expected to recover in March [49]. - Solar module prices have seen a minor increase due to rising demand from distributed energy projects, with significant players adjusting their production strategies accordingly [43][44]. Investment Recommendations - The report suggests focusing on high-growth areas such as inverter and racking systems, as well as leading solar manufacturers with cost advantages and strong distribution channels [4][39]. - Key companies to watch include LONGi Green Energy, Trina Solar, and various emerging technology leaders in the solar sector [4][39].

【生态环境周观察】特朗普称将"立即重启煤炭生产利用"；特斯拉上海储能超 级工厂首批产品出货；五部门发文推进绿证强制消费 3月18日，国家发展改革委、国家能源局、工业和信息化部、商务部、国家数据局联合发布《关于促进可再生能源绿色电力证书市场高质量发展的意见》， 明确提出，要依法稳步推进绿证强制消费，逐步提高绿色电力消费比例并使用绿证核算。根据相关政策制定的目标，到2027年，绿证市场交易制度基本完 善，强制消费与自愿消费相结合的绿色电力消费机制更加健全，绿色电力消费核算、认证、标识等制度基本建立，绿证与其他机制衔接更加顺畅，绿证市场 潜力加快释放，绿证国际应用稳步推进，实现全国范围内绿证畅通流动；到2030年，绿证市场制度体系进一步健全，全社会自主消费绿色电力需求显著提 升，绿证市场高效有序运行，绿证国际应用有效实现，绿色电力环境价值合理体现，有力支撑可再生能源高质量发展，助力经济社会发展全面绿色转型。 财政部将在英国伦敦发行首笔人民币绿色主权债券 第二批国家碳达峰试点名单出炉 3月21日，国家发展改革委正式公布了第二批27个国家碳达峰试点名单，包括北京市平谷区、上海市黄浦区、长三角生态绿色一体化发展示范区等。 ...