Connection mechanism between green certificates and carbon trading mechanism under the

doi:10.3969/j.issn.2097-0706.2025.05.002

Abstract

Abstract:

Green electricity certificates （GECs） and carbon market are the key points to promote green and low-carbon development in China. China has achieved positive results in improving nationwide green and low-carbon consumptions and construction of a green development responsibility system. Typical international green certificate trading mechanisms and development courses， as well as construction and operation modes of overseas carbon trading markets in EU，US，etc.， are summarized. And the policy system， trading mode and operation mode of domestic green certificate and carbon market are also described. The necessity of China's green certificate and carbon trading mechanisms to the "double carbon" target is demonstrated from the supply side and the demand side. Based on the fact of the coexistence of mandatory and voluntary carbon markets in China， detailed connection plans for GECs and the mandatory carbon market and GECs and voluntary carbon market are proposed， respectively. And the challenges of the plans are analysed. Finally， considering the experience and the cognition on international and domestic carbon market entities， as well as the possible connecting plans for GECs and carbon markets， a specific policy that is feasible at the operational level is given.

Key words: green and low-carbon transformation, renewable energy generation, green electricity certificate, carbon trading, mechanism connection

CLC Number:

F205：TM61

YE Xing, QIU Chen, AI Lin, XIN Songxu, GUO Yanheng. Connection mechanism between green certificates and carbon trading mechanism under the "double carbon" target[J]. Integrated Intelligent Energy, 2025, 47(5): 12-20.

Figures/Tables 3

References 39

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