Tag #Carbon Border Taxes

What is the significance of the substantial increase in China's issuance of green electricity certificates in 2024?

China issued 4.955 billion green electricity certificates in 2024, a 21.42-fold increase from the previous year. These certificates, representing 553 billion kilowatt-hours of renewable energy, were predominantly purchased by enterprises, particularly in telecommunications and automotive manufacturing. This surge reflects growing corporate adoption of renewable energy sources.