In the first three quarters, the transaction volume of Qinghai Green Certificates reached 13.67 million, a record high

China News Service, Xining, October 23 (Li Jun, Hu Hongju, Qi Kaikai) The Qinghai Power Trading Center reported on the 23rd that in the first three quarters of this year, the transaction volume of Qinghai Province’s green power certificates (referred to as “green certificates”) reached 13.67 million, a year-on-year increase of 5 times, a record high, and the transaction scale ranks among the top in the country.

Green certificates are the only official certificate of the environmental attributes of renewable energy in China. Each certificate corresponds to 1,000 kilowatt-hours of electricity. It is an important basis for enterprises to calculate green electricity consumption and carry out carbon footprint management.

The data picture shows professionals conducting safe electricity inspections. Photo by Zhu Yiran

It is reported that the demand for green transformation of Qinghai electrolytic aluminum, petrochemical, transportation and other enterprises continues to be released, green computing power, big data and other emerging energy-consuming enterprises have entered the market one after another, market participants continue to expand, and the transaction structure becomes more diversified. By purchasing green certificates, enterprises can not only complete the renewable energy consumption assessment requirements, but also significantly improve the green attributes of products and enhance the international competitiveness of the industrial chain and supply chain.

So far, Qinghai Province has traded a total of 40.74 million green certificates. In terms of transaction organization, State Grid Qinghai Electric Power Company has comprehensively simplified the entire process of registration, application, transfer, and write-off for market entities, allowing more data to travel and enterprises to have less to do. In terms of market cultivation, we will increase publicity and training efforts, establish a regular training mechanism for multi-professional collaboration, and use power market lectures, on-site visits and other forms to allow users to truly understand the green certificate market and stimulate market entities to transform from "I want to buy" to "I want to buy."

It is reported that State Grid Qinghai Electric Power will continue to deepen the electricity market reform, improve the coordinated linkage mechanism between green certificates and green electricity transactions, promote the deep integration of green certificates with the carbon market and the green electricity consumption certification system, continuously enhance the "gold content" of green certificates, guide more market entities to share the dividends of green development, promote Qinghai's green and low-carbon transformation, and help achieve the "double carbon" goal.