Group 1: Concept and Significance of Green Certificates - Green electricity refers to electricity generated from renewable energy sources such as wind and solar power, which is certified by a green certificate (green certificate) issued by the government or third-party organizations [2][17]. - The green certificate serves as the only proof of the environmental attributes of renewable energy electricity in China, facilitating the transition to green energy and supporting the achievement of carbon neutrality goals [2][21]. - Implementing the green certificate system helps guide green electricity consumption, promotes the development and utilization of renewable energy projects, and supports the connection between electricity and carbon markets [2][21]. Group 2: Issuance and Style of Green Certificates - The green certificates in China are issued by the National Energy Administration and are based on a national green certificate issuance and trading system [3][25]. - Each green certificate corresponds to 1,000 kilowatt-hours of electricity, and the certificates are issued monthly with a validity period of two years [3][18]. - The certificate includes essential information such as project name, electricity generation, and has both Chinese and English versions for verification [3][32]. Group 3: Trading Models of Green Certificates - Green certificate trading includes two models: separate trading and green electricity trading, with the former allowing nationwide trading without physical grid constraints [4][41]. - The trading price of green certificates is determined by the market without upper or lower limits, and transactions can be conducted through listing or bilateral negotiation [4][41]. - Foreign entities may purchase Chinese green certificates under certain conditions, and trading can be facilitated through authorized agencies [4][39]. Group 4: Application Scenarios of Green Certificates - Holders of green certificates can declare their consumption and apply for cancellation, with no difference in application between tradable and non-tradable certificates [5][54]. - Green certificates can be integrated into energy consumption control systems, and the traded electricity is counted towards energy-saving assessments [5][61]. - In the international context, Chinese green certificates are similar to the EU's Guarantees of Origin (GO) and are actively seeking international recognition [5][71]. Group 5: Cancellation and System of Green Certificates - The cancellation of green certificates is crucial for ensuring the uniqueness of their environmental attributes, with certificates being canceled after their validity period or upon consumption declaration [6][79]. - A green certificate account is used to manage green certificate assets, with each entity allowed only one account, while provincial accounts are managed by local authorities [6][84]. - The national green certificate issuance and trading system is linked to the registration system, allowing users to access and manage their certificates online [6][93].

Core Points - The launch of the green power certificate (green certificate) cancellation function in the national green certificate issuance and trading system enhances the management of green certificates, ensuring a more standardized and transparent usage, which supports the construction of a green power consumption system and aids in achieving the "dual carbon" goals [1][2][3] Group 1: Green Certificate Lifecycle Management - The green certificate serves as an "electronic ID" for renewable energy, and the cancellation mechanism binds electricity to its environmental attributes, preventing misuse [2][3] - The cancellation function completes the lifecycle management of green certificates, ensuring that each certificate has a clear beginning and end [2] - The national green certificate issuance and trading system will monitor certificates monthly, sending reminders three months before expiration and automatically canceling expired certificates [3] Group 2: Enhanced Transparency and Data Management - The cancellation function provides a detailed record of green power consumption, allowing entities to generate a cancellation information sheet that includes various data points such as the number of certificates canceled and specific consumption scenarios [4][5] - The cancellation information sheet serves as a proof of green power consumption, enhancing the uniqueness of green certificates [5] Group 3: Policy Integration and Support - The cancellation mechanism supports the implementation of energy-saving and carbon reduction policies, reinforcing the foundational role of green certificates as a policy tool [7] - Users must select the environmental rights ownership location when purchasing green certificates, and cancellations must occur within the designated area, aiding local energy authorities in managing data effectively [7] - This regulation strengthens the function of green certificates in accounting for green power consumption, providing a reliable basis for local governments to assess energy consumption control and renewable energy responsibilities [7] Group 4: Future Developments - Additional trading platforms, including the China Green Power Certificate Trading Platform and various regional electricity trading centers, will also implement the green certificate cancellation function in the future [8]