Core Viewpoint - The State Council of China has issued implementation opinions to improve the national unified electricity market system, focusing on enhancing the green electricity market to better realize environmental value [1] Group 1: Green Electricity Market Development - The plan aims to improve the national unified green certificate market, enhancing its role as a foundational certificate for renewable energy electricity production, consumption, and environmental attribute recognition [1] - The initiative includes expanding the scale of green electricity consumption and accelerating the establishment of a combined mandatory and voluntary green certificate consumption system [1] - There will be strengthened monitoring of green certificate prices to guide them to operate at reasonable levels [1] Group 2: Green Electricity Trading and Certification - The policy encourages both parties on the supply side to sign long-term purchase agreements for green certificates [1] - It promotes the implementation of inter-provincial renewable energy priority generation plans through green electricity trading, advocating for various trading models such as multi-year contracts and aggregated trading [1] - The establishment of a green electricity consumption certification mechanism will be accelerated, incorporating blockchain technology for full-chain certification of green electricity production and consumption [1] Group 3: Carbon Emission and International Standards - There will be ongoing efforts to strengthen the traceability of green electricity consumption and explore feasible paths for incorporating green certificates into carbon emission accounting [1] - The plan aims to improve the green electricity standard system, enhancing international communication and dialogue on green certificate application and accounting, with the goal of transforming China's green electricity consumption standards into international standards [1]

Group 1 - The State Council has issued implementation opinions on improving the national unified electricity market system, emphasizing the enhancement of a green electricity market that better realizes environmental value [1] - The establishment of a unified green certificate market is proposed to further leverage green certificates as fundamental proof of renewable energy electricity production, consumption, and environmental attributes [1] - The plan aims to expand the scale of green electricity consumption and accelerate the establishment of a consumption system that combines mandatory and voluntary green certificate consumption [1] Group 2 - Strengthening green certificate price monitoring is highlighted to guide green certificate prices to operate at reasonable levels [1] - The initiative encourages both supply and demand sides to sign long-term purchase agreements for green certificates [1] - The promotion of various green electricity trading models, including inter-provincial priority generation plans for new energy, multi-year trading contracts, and aggregated trading, is also emphasized [1]