China Green Power Certificate Development Report (2024) was released!

2025-04-25 14:54:47

It is reported that the green certificate is an electronic certificate with a unique identification code issued for renewable energy green power, and one green certificate unit corresponds to 1000 kilowatt-hours of renewable energy.

On April 21, the State Energy Administration released the China Green Power Certificate Development Report (2024) (hereinafter referred to as the Report). The report shows that the framework of China's green certificate system has been basically completed; By the end of December 2024, a total of 49 green certificates have been issued nationwide.

It is reported that green certificates are electronic certificates with unique identification codes issued for renewable energy green power, and one green certificate unit corresponds to 1000 kilowatt-hours of renewable energy. The National Energy Administration is responsible for the issuance and management of green certificates, which are issued monthly on the basis of electricity data provided by power grid enterprises and power trading institutions, and stamped with the special seal of the National Energy Administration for green power certificates. As mentioned in

the China Green Power Certificate Development Report (2024),

as a core policy measure for renewable energy consumption and regulation, the renewable

energy consumption responsibility weight system has been implemented since 2020. The state continuously improves the relevant requirements, and in 2024, it puts forward the target proportion of green power consumption for electrolytic aluminium and other industries and uses green certificate accounting; At the same time, provincial energy authorities actively promote the construction of renewable energy power in accordance with the weight of consumption responsibility, and formulate implementation plans and related supporting policies for renewable energy power consumption in accordance with local conditions, thus effectively improving the level of renewable energy power consumption. For example, local governments such as Shanxi Province, Ningxia Hui Autonomous Region, Inner Mongolia Autonomous Region, Fujian Province and Guangdong Province have issued policy documents calling for the implementation of the compulsory consumption mechanism of renewable energy power for high-energy-co nsuming enterprises in stock and the commitment system of renewable energy power absorption for new high-energy-consuming projects, and through the assessment of the weight of responsibility for renewable energy absorption. Guiding enterprises to implement green power consumption substitution by purchasing green power with green certificates; proposing that the proportion of green power consumption and energy budget management objectives should be allocated to key energy users, specifying the minimum proportion of green power consumption, requiring that the proportion of green power consumption should be increased by purchasing green power with green certificates, and meeting the requirements of consumption responsibility weight assessment (see column 2).

Column 2 Implementation of

weight decomposition of local consumption responsibility (5) Shanxi Province has established a compulsory green power consumption mechanism for high-energy enterprises. In July 2024, Shanxi Energy Bureau issued the Work Program of Promoting the Green and Low Carbon Transformation of Green Power Resources in Place to Promote Industry, which proposed that the steel, cement , chemical industry, electrolytic aluminium and other industries that were included in the carbon market should be the focus, and that through the assessment of the weight of responsibility for renewable energy consumption, the green and low-carbon industries should be promoted. Establish a compulsory green power consumption mechanism for high-energy enterprises, and guide enterprises to implement green power consumption substitution by purchasing green certificates and green power. On July 8,

2024, Shanxi Energy Bureau issued a notice on the work plan of promoting the local transformation of green power resources to promote the green and low-carbon transformation of industries.

1. Expanding green industry recruitment projects and fostering new momentum

for development 1. Taking industrial development zones as carriers, focusing on export-oriented electric vehicle, power batteries, unmanned aerial vehicles, robots, intelligent household appliances and other emerging manufacturing and consumer goods industries, aiming at the green power consumption demand of relevant leading enterprises, and focusing on the development of green power consumption. We will carry out special investment for green power supply and make every effort to build a green low-carbon manufacturing park. (Provincial Commerce Department, Provincial Industry and Information Technology Department, Provincial Investment Promotion Bureau, Provincial Comprehensive Reform Demonstration Zone Management Committee, Municipal People's Government, each unit is responsible for the division of responsibilities, the same below)

2. Focusing on foreign-funded enterprises with large demand for green power in the eastern region and foreign-funded supply chain enterprises in China, the joint green power development enterprises jointly carry out green power investment. By means of direct connection of green power or micro-grid, relevant enterprises will be attracted to invest in production projects in our province. (Provincial Commerce Department, Provincial Energy Bureau, Provincial Investment Promotion Bureau, Provincial Comprehensive Reform Demonstration Zone Management Committee, Municipal People's Government)

3. Relying on the advantages of magnesium and aluminium resources, green power resources, and the huge demand for magnesium and aluminium materials for new energy automotive parts in the future, attract domestic magnesium and aluminium processing head enterprises and production capacity into Shanxi, and promote the magnesium and aluminium industry around the green transformation. Build a green magnesium-aluminium alloy industrial base. (Provincial Energy Bureau, Provincial Commerce Department, Provincial Industry and Information Technology Department, Provincial Investment Promotion Bureau, Provincial Comprehensive Reform Demonstration Zone Management Committee, Municipal People's Government)

4. Relying on the advantages of green power and location in our province, we should seize the great opportunities for the development of the national digital economy, scientifically lay out a number of computing power centers and intelligent computing center projects, and promote the development of digital economy. By developing direct connection of green power, optimizing the operation of data centers and improving market rules, the integration of green power and computing power centers will be realized, and new formats of green digital economy and artificial intelligence will be fostered. (Provincial Development and Reform Commission, Provincial Data Bureau, Provincial Energy Bureau, Provincial Comprehensive Reform Demonstration Zone Management Committee, Municipal People's Government)

2. Expanding green energy introduction technology and building a new zero-carbon energy supply system

5. Relying on off-grid green electricity, we actively lay out projects such as hydrogen production from water electrolysis and methanol production from green hydrogen. Continuously expand the application scenarios of green hydrogen, promote the gradual replacement of grey hydrogen by green hydrogen in the chemical industry, support the development of green hydrogen chemical industry, and help the chemical industry to achieve deep decarbonization; promote the research and development of green alcohol technology and project demonstration, and promote the application of green alcohol in transportation, industry, power and other fields. (Provincial Department of Industry and Information Technology, Provincial Energy Bureau, Provincial Department of Communications, Provincial Comprehensive Reform Demonstration Zone Management Committee, Municipal People's Governments)

6. Deeply promote the clean and efficient utilization of coal and electricity, attract cutting-edge technology-based enterprises, explore the commercial layout of CCUS (carbon dioxide capture, utilization and storage) industrial chain projects, and promote the development of coal and electricity. Wind power and photovoltaic power generation projects are built on the idle ground around or inside the plant area and on the roof of buildings, and green power is used in the whole process of carbon dioxide capture, conversion and preparation into new carbon materials such as carbon nanotubes, so that the production of "green carbon" is gradually scaled up and industrialized. (Provincial Energy Bureau, Provincial Comprehensive Reform Demonstration Zone Management Committee, Municipal People's Government)

3. Promote "key industries + green power" to help stock industries save energy and reduce carbon

7. Focus on steel, cement, chemical, electrolytic aluminium and other industries that may be included in the carbon market in the future, through the assessment of the weight of responsibility for renewable energy consumption. Establish a compulsory consumption mechanism of green electricity for high-energy enterprises, guide enterprises to implement green electricity consumption substitution by purchasing green electricity or green certificates, realize the transformation from high-energy to "green energy-carrying", and promote the quality and efficiency of the industry. (Provincial Office of Industry and Information Technology, Provincial Energy Bureau, Provincial Statistical Bureau, Provincial Comprehensive Reform Demonstration Zone Management Committee, Municipal People's Governments)

8. Focusing on manufacturing enterprises with great industry influence and strong management strength, enterprises should be promoted to make full use of the roof of factory buildings, walls of office buildings and open spaces in factory areas to carry out distributed green power projects and enhance enterprises. Build green manufacturing plant demonstration; support all kinds of qualified manufacturing enterprises to develop and utilize distributed green power projects. (Provincial Department of Industry and Information Technology, Provincial Energy Bureau, Provincial Comprehensive Reform Demonstration Zone Management Committee, Municipal People's Governments)

9. Focusing on the current leading enterprises of wind power, photovoltaic and other new energy equipment production in our province, guide and support enterprises to make use of the advantages of the industrial chain, cooperate with power enterprises to develop green power projects, and realize green power equipment "green power manufacturing" through green power trading. (Provincial Energy Bureau, Provincial Industry and Information Technology Department, Provincial Comprehensive Reform Demonstration Zone Management Committee, Municipal People's Governments)

IV. Innovating the supply mechanism of green electricity and expanding the policy space

for investment promotion of green electricity 10. In combination with the actual situation, explore the power supply mode of direct connection between green power projects and power consumption projects through the construction of special lines by power grid enterprises to meet the requirements of international green power consumption rules for export-oriented products; in areas with high proportion of green power, promote the pilot construction of wind, solar and storage complementary smart micro-grid projects interconnected with public grid in combination with new power consumption projects. (Provincial Energy Bureau, State Grid Shanxi Electric Power Company)

11. Relying on new power load projects, a number of green power projects will be built. By improving dispatching technology, operation mechanism and spot market trading mechanism, a new mode of integrated and coordinated development of source-network-load-storage projects will be established to improve the level of self-consumption of green power and the safety and stability of system operation. (Provincial Energy Bureau, State Grid Shanxi Electric Power Company)

12. Focusing on supporting the nearby consumption of distributed green power, we will study and formulate the price policy for the nearby transaction of distributed green power, create conditions for the nearby transaction of distributed green power with power consumption enterprises, and support the large-scale development and nearby consumption of distributed green power. (Provincial Energy Bureau, Provincial Development and Reform Commission)

13. Optimize the organization and settlement of green electricity transactions, shorten the circulation time of green certificates; enrich the variety of green electricity transactions, provide flexible contract deviation adjustment means for both parties, reduce the cost of green electricity transactions; support both parties to carry out multi-year cooperation in green electricity transactions, and lock in the supply and demand and price of green electricity through long-term agreements. (Provincial Energy Bureau, Shanxi Electric Power Trading Center)

V. Improving the supporting measures for green power consumption and expanding the application scenarios

of green power 14.On the basis of the national renewable energy power consumption responsibility weight assessment mechanism, the green certificate is used as the only certificate for green power consumption, focusing on refining the green power consumption responsibility weight statistics and assessment supporting mechanism for high energy-consuming enterprises, clarifying the assessment object, assessment cycle and assessment incentive methods, and gradually stimulating the internal driving force of enterprises to consume green power. (Provincial Energy Bureau)

15. To study and refine the implementation measures for non-fossil energy not to be included in the total energy consumption and intensity control, to deduct the consumption of green electricity from the total energy consumption, and to include the corresponding electricity in the government's energy-saving target responsibility assessment. We will improve the linking mechanism between green power consumption certification and energy conservation and carbon reduction management, incorporate green certificates into the energy conservation review mechanism of fixed assets investment projects, and implement the green power consumption commitment system for new projects. Establish a budget management mechanism for fossil energy consumption of key energy-using units, and meet the energy consumption demand by purchasing green certificates and green electricity in excess of the budget. (Provincial Energy Bureau, Provincial Statistical Bureau)

16. Closely follow up the relevant policies of national carbon emission accounting, and encourage enterprises in key industries included in the scope of greenhouse gas emission reporting to increase the proportion of green electricity use; We will promote the incorporation of green certificates into the carbon footprint accounting rules of key products, encourage the production enterprises of steel, aluminum, fertilizer and other products exported to the European Union to carry out carbon footprint accounting and certification, focus on new energy vehicles, lithium batteries, photovoltaic and other key products that consume green electricity, and promote the research and quantification of carbon footprint accounting. (Provincial Department of Ecology and Environment, Provincial Department of Industry and Information Technology, Provincial Market Supervision Bureau and Provincial Energy Bureau)

The relevant departments directly under the provincial level shall, in accordance with the division of tasks and in light of the actual work, carefully guide cities and counties to promote green power investment and layout of green industries, comprehensively promote the local transformation of green power resources and promote industrial transformation. Development zones at all levels and municipal investment promotion departments should make full use of the green power incentive policy, closely integrate the local transformation of green power resources with investment promotion and industrial transformation, and do a good job in concrete implementation. Relevant departments and units should carry out various publicity activities, actively create a social atmosphere of "green power investment, low-carbon transformation", and create a gold-lettered signboard of green power investment.

In order to accelerate the realization of the "double carbon target" and actively promote the green and high-quality development of the industry, China Cement Network will be launched on May 27-28, 2025. < a href = "https://www.ccement.com/news/content/55312701933175001." This conference will bring together industry elites and resources. Provide all-round support for the industry in terms of technology, policy landing and resource docking.

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Correlation

According to the information from China Cement Market Data Center, the demand in Northwest China is weak, the demand in Guanzhong of Shaanxi has reached the peak, but the enterprises have stabilized the price to support the market, and the pressure of dark drop is looming; the price depression in Ningxia continues to impact the market in Gansu and Shaanxi; the situation of maintaining stability in Xinjiang is remarkable.