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Record Number of Green Power Certificates Traded in China

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Almost 25 million green power certificates, corresponding to 24.8 billion kilowatt-hours of electricity generated from renewable sources, have been traded in the last week of June on the Guangzhou Power Exchange Center in Guangdong province. This marks China’s largest single-batch of green power certificate transactions as of date, China Southern Power Grid says.

The transactions involved 654 entities, including Guangdong Energy Group and Shenzhen Energy Group.

This was the first time that companies in Guangdong province traded large-scale cross-regional green power certificates with new energy enterprises in western regions such as Gansu province, Ningxia Hui autonomous region and Xinjiang Uygur autonomous region.

The transactions helped reduce carbon dioxide emissions by about 19.84 million metric tons, according to China Southern Power Grid.

Green power certificates act as electronic IDs for green power transactions. Due to the homogeneity of electricity, once it enters the grid for transmission, it cannot be distinguished by the grid or consumers.

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ripavi saunat

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