Core Viewpoint - China is set to establish the world's largest and fastest-growing renewable energy system by the end of 2025, with total installed capacity reaching 2.34 billion kilowatts, increasing the share of renewable energy from 40% to approximately 60% during the 14th Five-Year Plan period [1][2]. Group 1: Development Speed and Capacity - By 2025, the combined installed capacity of wind and solar power will exceed that of thermal power for the first time, increasing from 530 million kilowatts in 2020 to 1.84 billion kilowatts, marking a historic leap across 13 billion-level milestones [2]. - New energy storage capacity will surpass 100 million kilowatts, accounting for over 40% of the global total, enhancing the stability of wind and solar power generation [2]. Group 2: Green Energy Consumption - The annual trading volume of renewable energy green certificates will exceed the total of previous years, accelerating the establishment of mechanisms for green energy consumption [2]. - Nearly 40% of the total electricity consumption in China is now green electricity, meaning that for every 10 kilowatt-hours consumed, nearly 4 kilowatt-hours are from renewable sources [2]. Group 3: Structural Optimization and Innovation - The optimization of energy supply structure is ongoing, with significant advancements in the renewable energy sector during the 14th Five-Year Plan period, including the establishment of large-scale wind and solar bases [2][3]. - The reform and innovation of energy systems and mechanisms, such as the improvement of green certificate trading mechanisms and market-oriented pricing for renewable energy, are effectively stimulating demand for green electricity [3]. - China has built the largest and fastest-growing renewable energy system globally, contributing significantly to the global low-carbon transition, with exports of wind and solar products helping to reduce carbon emissions by approximately 4.1 billion tons in other countries [3].

筑基立本 拓新赋能 以资质信用绿证工作新成效服务新型能源体系建设 国家能源局电力业务资质管理中心主任 陈涛 岁序更替，华章日新。面对"十五五"新起点新阶段，国家能源局电力业务资质管理中心（以下简 称" 资质中心 "）坚持以习近平新时代中国特色社会主义思想为指导，认真贯彻党的二十大和二 十届历次全会精神，立足"资质筑基、信用立本、绿证拓新、系统赋能"，全面分析研判新形势新 任务，系统总结"十四五"特别是2025年工作成效，不折不扣落实2026年全国能源工作会议、国家 能源局监管工作会议部署，科学谋划下一阶段工作思路，力争在服务能源高质量发展大局中体现 新担当、展现新作为。 提高站位，在服务大局中明确新坐标 "十五五"是加快建设能源强国的攻坚阶段，党的二十届四中全会明确要求加快建设新型能源体 系，持续完善市场准入、社会信用等制度，建立健全绿色低碳标准体系，积极稳妥推进和实现碳 达峰，为资质信用绿证工作明确了战略目标和努力方向。 深刻认识服务新型能源体系的职责使命。 构建清洁低碳、安全高效的新型能源体系，是保障国家 能源安全、实现"双碳"目标的战略抉择。资质管理是维护电力市场准入秩序、保障电网安全稳定 运行的"第一 ...

（来源：上海市电力行业协会） 01 政策速递 国家机关事务管理局： 印发《关于2026年公共机构节约能源资源工作安排的通知》 鼓励开展碳资产交易、虚拟电厂、绿电消纳等前沿领域探索 近日，国家机关事务管理局印发《关于2026年公共机构节约能源资源工作安排的通知》（国管节能〔2026〕28号）。《通知》提出，聚焦碳达峰目标，全 面完善和落实碳排放双控机制。发布《公共机构碳排放核算指南》行业标准，明确公共机构碳排放核算边界范围、因子取值、步骤方法。测算下达"十五 五"公共机构碳排放总量和强度指标，制定公共机构碳排放考核实施具体方案。优化用能结构，推动公共机构终端用能电气化替代，加大太阳能等可再生 能源、绿色低碳技术和产品推广运用力度。加强公共机构碳普惠体系建设经验做法总结提炼和复制推广，鼓励开展碳资产交易、虚拟电厂、绿电消纳等前 沿领域探索。出版2024-2025年度绿色低碳转型课题集，启动新一批课题申报。 点击查看政策详情 02 行业关注 国家能源局： 2026年1月全国可再生能源绿色电力证书核发及交易数据 一、绿证核发情况 2026年1月，国家能源局核发绿证1.96亿个，涉及可再生能源发电项目83.20万个，其 ...

央视网消息：据国家能源局公众号消息，2月14日，国家能源局发布2026年1月全国可再生能源绿色电力证书核发及交易数据。 一、绿证核发情况 单位:万个、元/个 2026年1月，全国交易绿证1.02亿个，其中绿色电力交易绿证3369万个。 | 可再生能源发电类型 | 1月交易绿证数量 | | --- | --- | | 风电 | 4897 | | 太阳能发电 | 4206 | | 生物质发电 | 797 | | 其他可再生能源发电 | 306 | | 总计 | 10206 | 2026年1月，全国单独交易绿证6837万个，其中电量生产年为2024年的绿证交易650万个，平均价格1.25元/个；电量生产年为2025年的绿证交易6188万 个，平均价格5.51元/个。 全国单独交易绿证价格一览表 2026年1月，国家能源局核发绿证1.96亿个，涉及可再生能源发电项目83.20万个，其中可交易绿证1.51亿个，占比76.79%。本期核发2025年12月可再生能 源电量对应绿证1.52亿个，占比77.49%。 $$\bigtriangleup\mathbb{E}\,|_{\mathcal{H}}^{\pm}\,\exis ...

Group 1: Green Certificate Issuance - In January 2026, the National Energy Administration issued 196 million green certificates, covering 832,000 renewable energy generation projects, with 151 million being tradable, accounting for 76.79% of the total [2] - The green certificates issued correspond to renewable energy generation for December 2025, totaling 152 million, which represents 77.49% of the issuance [2] - The breakdown of green certificate issuance by renewable energy type includes: Wind Power (85,450), Solar Power (54,900), Conventional Hydropower (41,580), Biomass Power (13,110), and Other Renewable Energy (980) [4] Group 2: Green Certificate Trading - In January 2026, a total of 102 million green certificates were traded nationwide, with 33.69 million being green electricity trading certificates [5] - The trading volume by renewable energy type includes: Wind Power (48,970), Solar Power (42,060), Biomass Power (7,970), and Other Renewable Energy (3,060) [7] - The separate trading of green certificates in January 2026 reached 68.37 million, with 6.5 million certificates for the production year 2024 traded at an average price of 1.25 yuan per certificate, reflecting a 11.64% increase in price; for the production year 2025, 61.88 million certificates were traded at an average price of 5.51 yuan per certificate, showing a 7.04% price increase [7][9]

1月17日，国家能源局发布数据显示，2025年，全社会用电量累计103682亿千瓦时，同比增长 5.0%。业内人士向21世纪经济报道记者表示，全社会用电量突破10万亿千瓦时，在全球范围内 尚属首次。 【点击查看详情】 政策速递 《洞见ESG》1月刊 国家级零碳园区来了！ 监管声音 监管声音｜五部门发文：2027年前在汽车等重点领域培育零碳工厂 1月19日，工业和信息化部、国家发展改革委、生态环境部、国务院国资委、国家能源局等五部 门联合印发《关于开展零碳工厂建设工作的指导意见》（工信部联节〔2026〕13号，以下简称 《指导意见》）。 【点击查看详情】 监管声音｜全球首次！用电量破10万亿，中国经济引擎拆解 政策速递｜全国生态环境保护工作会议部署七大重点任务 1月14日至15日，生态环境部在京召开2026年全国生态环境保护工作会议。会议部署了2026年 七大重点任务，其中提到持续深入推进污染防治攻坚和生态系统优化，深入打好蓝天、碧水、 净土保卫战，加强固体废物综合治理，强化新污染物治理，加强生态保护修复监管。 【点击查 看详情】 政策速递｜绿证管理实施细则落地，超过有效期绿证将强制下架并核销 1月7日，国家能 ...

一、绿证核发情况 2025 年 12 月，国家能源局核发绿证 2.11 亿个，涉及可再生能源发电项目 68.87 万个，其中可交易绿证 1.50 亿个，占比 71.32% 。 本期核发 2025 年 11 月可再生能源电量对应绿证 1.85 亿个，占比 87.72% 。 2025 年 1 - 12 月，国家能源局共计核发绿证 29.47 亿 个，其中可交易绿证 18.93 亿个。 全国绿证核发情况一览表 注：由于 " 四舍五入 " 原因，可能会导致数据分项合计与总计略有差异。 二、绿证交易情况 2025 年 12 月，全国交易绿证 2.02 亿个，其中绿色电力交易绿证 2275 万个。 2025 年 1 - 12 月，全国共计交易绿证 9.30 亿个，其 中绿色电力交易绿证 2.50 亿个。 全国绿证交易 数量 一览表 | 可再生能源发电类型 | 2025 年 12 月交易绿证 | 2025 年 1-12月交易绿证 | | --- | --- | --- | | | 数量 | 数量 | | 风电 | 9415 | 44116 | | 大阳能发电 | 8931 | 42091 | | 生物质发电 | 1421 ...

Core Viewpoint - The National Energy Administration has released the "Implementation Rules for the Management of Renewable Energy Green Power Certificates (Trial)", which clarifies the issuance of tradable green certificates for various renewable energy projects and certain conventional hydropower units, while other types of electricity will receive non-tradable green certificates [1] Group 1: Policy Impact - The improvement of green certificate market policies is expected to enhance the demand for green certificates [1] - However, due to the conflict between green certificates and mechanism electricity prices, the supply of green certificates may shrink, potentially improving the supply-demand situation [1] Group 2: Green Power ETF - The Green Power ETF (159669) tracks the Green Power Index (399438), which selects listed companies in the clean energy generation sector, including hydropower, wind power, photovoltaic, and nuclear power [1] - The index focuses on power companies with low carbon attributes, high business concentration, and stable cash flows to reflect the overall performance of securities related to green power [1] - Latest data indicates the ETF's alignment with the performance of green energy-related listed companies [1]

Core Viewpoint - The release of the "Implementation Rules for the Management of Renewable Energy Green Power Certificates (Trial)" by the National Energy Administration marks a significant step towards a more refined and standardized green certificate management system in China, enhancing its scientific and operational aspects [1][3]. Group 1: Implementation Details - The "Implementation Rules" provide a comprehensive operational guide covering responsibilities, account management, certificate issuance, transfer, cancellation, dispute resolution, information management, and supervision [1]. - The rules clarify the boundaries in core management areas, particularly regarding the classification, issuance targets, and standards for green certificates [4]. - The rules specify that green certificates will be issued for renewable energy projects such as wind, solar, biomass, geothermal, and marine energy, as well as for conventional hydropower plants that are fully market-oriented and commissioned after January 1, 2023 [4]. Group 2: Market Dynamics - Wind and solar power green certificates dominate the market, with wind power certificates reaching 347 million and solar power certificates at 332 million from January to November 2025, accounting for 47.7% and 45.5% of total transactions, respectively [5]. - The rules emphasize the importance of green certificates as the sole proof of green electricity consumption, especially as renewable energy consumption responsibilities are gradually allocated to key industries by 2026 [3][5]. Group 3: Storage and Self-Consumption Regulations - The rules clarify that independent storage facilities will not be issued green certificates for their discharge electricity, and that green certificates for renewable energy projects with storage must only cover renewable generation, excluding potentially non-green grid electricity [6][7]. - Self-consumed electricity will not be tradable for green certificates, but can be transferred to the consuming entity under specific conditions, ensuring alignment between certificate ownership and physical electricity consumption [7]. Group 4: Expiry and Rights Management - The rules mandate that green certificates exceeding their validity period will be forcibly delisted and canceled, with environmental rights belonging to the provincial administrative region determined by the certificate holder [7][8]. - This provision addresses a critical gap in the previous policy framework regarding the handling of unclaimed renewable energy environmental attributes, facilitating the development of residual mix consumption [8]. Group 5: Internationalization and Time Matching - The rules introduce provisions for managing accounts of foreign users exchanging renewable energy electricity with China, promoting international green electricity consumption [8]. - Starting January 1, 2026, green certificates must match the production year of the corresponding green electricity consumption, encouraging precise time matching for certificate usage [9]. - The focus on time matching precision is seen as a positive step towards more refined management of green certificates, aligning with international trends [10].

Core Viewpoint - The National Energy Administration has issued the "Implementation Rules for the Management of Renewable Energy Green Power Certificates (Trial)" to establish a comprehensive management mechanism for green certificates, covering issuance, transfer, cancellation, and related management work for renewable energy power generation projects in China [4][38]. Group 1: Overview of the Rules - The rules consist of 10 chapters and 45 articles, detailing responsibilities, account management, certificate issuance, transfer, cancellation, dispute resolution, information management, and supervision [4][38]. - The rules aim to provide institutional support for the standardized operation of renewable energy environmental rights [4][38]. Group 2: Certificate Issuance - Green certificates are issued monthly based on renewable energy generation, with one certificate issued for every 1,000 kilowatt-hours of renewable energy generated; any unissued certificates from the current month will be carried over to the next month [4][38][13]. - Different types of renewable energy projects, such as wind, solar, biomass, geothermal, and marine energy, will receive tradable green certificates if they are connected to the grid and meet specific criteria [4][38][39]. - Non-tradable green certificates will be issued for self-consumed energy, off-grid renewable energy generation, and conventional hydropower plants commissioned before January 1, 2023 [4][38][40]. Group 3: Certificate Transfer - Power generation companies, project owners, and electricity users can choose any green certificate trading platform for transactions, with transaction details required to be synchronized with the national green certificate issuance and trading system [5][41]. - Certificates corresponding to self-consumed energy are non-tradable, and transfers must reflect the actual application scenario [5][41][57]. Group 4: Certificate Cancellation - Starting January 1, 2026, the year of production for the green certificate must match the year of green power consumption during cancellation [5][41][60]. - The effective period of green certificates is set at two years, with production months counted as the zero month, ending on the last day of the 24th month [5][41][55]. Group 5: Responsibilities and Management - The National Energy Administration is responsible for the design and management of the green certificate system, including the establishment and management of the national green certificate issuance and trading system [4][38][45]. - Various entities, including renewable energy information management centers and trading platforms, are tasked with supporting the system's operation and ensuring data accuracy [4][38][46].