China’s green certificate growth shows clean energy progress

Quick Summary:

The rapid surge in issuance and trade of Green Electricity Certificates indicates progress towards decarbonisation, but is creating new challenges for regulators.

As the country moves to increase its consumption of renewable energy, GECs are becoming a powerful accounting tool for the market.

In 2022, the NEA announced that by 2030, all renewable energy generators must sell their electricity at market rates instead of to utilities at fixed prices.

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Article Details

Author / Journalist: Chris Hankin

Category: EconomyBusiness

Markets: SingaporeChina

Topics: Carbon credits Electricity Energy Energy transition Renewable energy Infrastructure Carbon footprint Wind Decarbonisation Financing Electrification Carbon trading Clean energy Solar Regulation Investment

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 03:00:00 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 1386 words

Reading Time: 8 minutes read

Sentences: 61 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Eco-Business

News ID: 23113782

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About Eco-Business

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Official Website: eco-business.com

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News Last Updated: 14 hours ago

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